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Netflix signs streaming traffic deal with Verizon

A sign is posted in front of the Netflix headquarters in Los Gatos, California.
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A sign is posted in front of the Netflix headquarters in Los Gatos, California.

Netflix announced Monday that it has signed a deal with Verizon to provide improved connectivity with customers served by the ISP. A similar deal was cut with Comcast in February. (Comcast is the parent company of NBC.)

Few details were provided in the short statement issued to NBC News via email:

"We have reached an interconnect arrangement with Verizon that we hope will improve performance for our joint customers over the coming months."

Netflix CEO Reed Hastings has publicly stated support for strong "Net neutrality" rules, which would make most such arrangements unnecessary.

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"While in the short term Netflix will in cases reluctantly pay large ISPs to ensure a high quality member experience, we will continue to fight for the Internet the world needs and deserves," Hastings wrote in a blog post last month.

Netflix declined to provide any further details on the particulars of the deal.

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