Netflix Inc, which opposes the proposed Comcast deal to purchase Time Warner Cable Inc , said on Thursday that the merger would result in video providers having to pay higher prices to get their movies and television shows into viewers' living rooms. In a letter to Senator Al Franken, a vocal critic of the deal, Netflix, the popular video streaming service, said Comcast Corp has limited the capacity between its network and other networks unless video providers agree to pay Comcast for access.
Netflix, Inc. is an Internet television network with more than 33 million members in over 40 countries. Shares of NFLX fell by 2.67% or $-9.43/share to $344.07. In the past year, the shares have traded as low as $204.02 and as high as $458.00. On average, 3152540 shares of NFLX exchange hands on a given day and today's volume is recorded at 4356463.
Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Shares of TWC traded higher by 0.38% or $0.53/share to $140.40. In the past year, the shares have traded as low as $89.81 and as high as $147.28. On average, 3623580 shares of TWC exchange hands on a given day and today's volume is recorded at 2363646.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.55% or $-0.36/share to $65.64. In the past year, the shares have traded as low as $55.71 and as high as $70.77. On average, 5847280 shares of TWX exchange hands on a given day and today's volume is recorded at 4114738.
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