Netflix pays Verizon for better Internet access

Published April 29, 2014 8:21pm ET



SAN FRANCISCO (AP) — Netflix will pay Verizon Communications to help clear up some of the congestion that has been bogging down its Internet video service.

The deal marks the second time in less than three months that Netflix Inc. has anted up for a more direct connection to a major Internet service, even though CEO Reed Hastings objects to having to pay for better access.

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