Verizon CEO: We've Got a Netflix Deal in the Works, Too

A day after Comcast signed a network connection deal with Netflix to boost data speeds, Verizon's chief executive told CNBC that his company has been in talks with the streaming video pioneer for the past year.

The statements from Verizon CEO Lowell McAdams highlights how the Comcast/Netflix deal may become the first of many arrangements in which money is paid to gain physical access to networks and therefore greater speeds.

McAdams said the agreement was not a surprise, and that something had to be done to address the increasing demands of streaming video from sources like Netflix. Read more...