Netflix unconcerned about net neutrality threats as it plans a stacked December
As the internet erupts in furor over plans to roll back net neutrality legislation instituted under the Obama Administration, the world’s best known streaming video on demand (SVOD) service says it isn’t concerned.
The Federal Communications Commission wants to put more power in the hands of internet service providers, potentially letting them provide slower access to sites that pay less (particularly important to streaming sites, which require a certain speed to play videos and music), and even blocking access to others altogether.
This is being met with outcry online, as it runs counter to the principles upon which the internet was founded (egalitarian access to information), but Netflix isn’t worried for its own business.
Netflix’s share price is up by 57% so far this year
SOURCE: Yahoo Finance
Netflix CEO Reed Hastings said that net neutrality is less important to big business. Earlier this year, he allayed investors’ concerns, saying: “it’s not narrowly important to us because we’re big enough to get the deals we want.” Ten years ago, that wouldn’t have been the case. But now, it means Netflix can spend less time worrying about politics, and more about the holiday season.
Netflix has a huge amount of new content hitting its platform in December. It includes classic films like Stanley Kubrick’s Full Metal Jacket and Marshall Mathers’ 8 Mile, modern blockbusters like Marvel’s Guardians of the Galaxy 2, Netflix originals Wormwood and Russell Howard: Recalibrate, and a host of kids’ shows like Trollhunters. With all that, it’s little surprise Netflix hasn’t had time to reflect on a free internet.
Dominion holds Netflix in its Global Trends Ecommerce Fund.
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