Netflix Inc, which agreed to pay Comcast Corp for faster video delivery, may have to make similar arrangements with other broadband providers to ensure customers get trouble-free access to its streaming movies and TV shows.Verizon Communications' chief executive said on Monday he expects Netflix will pay the telecom company for faster speeds after Netflix customers complained about slow connections to Verizon's FiOS service.AT&T spokesman Mark Siegel said in a statement on Monday that "we're in discussions with Netflix to establish a more direct connection between our networks, similar to agreements we have with others, so that AT&T broadband customers who use Netflix can enjoy an even better video experience."Talks with telecom companies that provide broadband Internet access gained momentum after Sunday, when Netflix agreed to pay Comcast Corp for faster speeds.
Netflix, Inc. is an Internet television network with more than 33 million members in over 40 countries. Shares of NFLX traded higher by 3.42% or $14.77/share to $447.00. In the past year, the shares have traded as low as $159.00 and as high as $449.69. On average, 2869400 shares of NFLX exchange hands on a given day and today's volume is recorded at 3728219.
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