Netflix Inc, which opposes the proposed Comcast deal to purchase rival Time Warner Cable Inc, on Thursday outlined the ways it thinks competition will be hurt if the merger goes ahead, most notably in the extraction of "arbitrary tolls."The popular video streaming service responded in a letter to Senator Al Franken, a vocal critic of the deal, saying a combined Comcast and TWC, would mean video providers pay more to get their movies and television shows into viewers' living rooms."Comcast is limiting the capacity of connections between its network and other networks, unless the network agrees to pay Comcast for access," Netflix Vice President Christopher Libertelli wrote in the letter to Franken, a Minnesota Democrat."Consumers experience these delays as slow page loads, poor streaming quality, and frequent streaming pauses," Libertelli wrote in the letter released by the senator's office.
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 4375541.
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 2372785.
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 4143996.
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