Tomahawk, WI 2/25/2014 (Basicsmedia) – It is being reported from reliable sources that Netflix, Inc. (NASDAQ:NFLX) has reached a consensual agreement with Comcast Corporation (NASDAQ:CMCSA) to get direct access to the latter broadband network. Netflix intends to use this partnership for its effort of increasing services speed and reliability. This comes at the back of the two companies announcing a multi-year agreement although the terms of the deal have not yet been revealed.

According to inside information, Netflix, Inc. (NASDAQ:NFLX) has opted to pay Comcast Corporation (NASDAQ:CMCSA) millions of dollars to get access to the company’s broadband network in a bid of making its services more efficient after facing increasing complaints from customers, concerning speed and quality. The deal could not have come at a better time, considering the company is the largest game subscription company in the world.

The deal with Comcast could be big enough, to place Netflix at the same ranks with other mega companies such as Facebook Inc. (NASDAQ:FB) and Google Inc. (NASDAQ:GOOG) in terms of broadband usage. With the current agreement, Netflix is thought from many quarters to have received the best of deals as Comcast Corporation (NASDAQ:CMCSA) was in a hurry awaiting TWC merger authorization from authorities

The agreement has also raised a big outcry in the industry considering “net neutrality” rules were meant to deter Internet Service Providers from charging different rates. The deal between Netflix and Comcast Corporation (NASDAQ:CMCSA) can also be perceived as a strategy by ISPS to collect millions of fees from the so called big companies which are in dire need of big broadband networks. It also raises the issue of having to pay huge tariffs if you are a video company and would wish to move stuff through a broadband from Point A to point B

The agreement with Comcast seem to have bolstered Netflix, Inc. (NASDAQ:NFLX) stock as they rocked the market on Monday trading session moving up by 3.42% to close the day at a high of $447.

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