Netflix-Comcast Alliance Could Signal End of Years of Bickering
Recently, news surfaced that digital streaming giant Netflix is teaming up with Comcast after the two companies have fought for years.
The companies have reached a deal to offer the internet television service on Comcast's X1 set-top boxes later in the year. That's going to smudge the lines which distinguish cable TV from the Internet video services.
Tuesday's arrangement signals an obvious ceasefire between the two on issues like how much each of them should pay for carrying Netflix's video contents to the Internet subscribers of Comcast.
Last year, when Comcast proposed a $45 billion acquisition deal for Time Warner Cable, Netflix attacked the deal as a bad one for the consumers. However, the proposed deal did not work out as it faced regulatory opposition.
Tuesday, in a joint statement the companies said, specifics of the agreement will be available sometime later in the year when finally Netflix will be made available on X1 boxes.
In most probabilities, Comcast will get a percentage from each new subscriber who signs up through its X1 for Netflix's services. Subscribers of Netflix pay from $8 to $12 a month depending on the chosen plan.
Comcast Corp. and Netflix Inc. said, "We have much work to do before the service will be available."
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