Netflix opposes the Comcast/Time Warner Cable merger because...
Netflix opposes the Comcast/Time Warner Cable merger because it fears the Internet “faces a long term threat from the largest ISPs driving up profits for themselves and costs for everyone else,” said Netflix CEO Reed Hastings and Chief Financial Officer…
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David Wells in a Q1 letter to shareholders Monday (http://bit.ly/RG48Ww). If the merger is approved, “the combined company’s footprint will pass over 60 percent of U.S. broadband households, after the proposed divestiture, with most of those homes having Comcast as the only option for truly high-speed broadband,” meaning speeds exceeding 10 Mbps, the letter said. “As DSL fades in favor of cable Internet, Comcast could control high-speed broadband to the majority of American homes. Comcast is already dominant enough to be able to capture unprecedented fees from transit providers and services such as Netflix. The combined company would possess even more anticompetitive leverage to charge arbitrary interconnection tolls for access to their customers. For this reason, Netflix opposes this merger."