Verizon Eyeing Netflix Acquisition, Wants to Enter Streaming Market
18.05.12
Verizon, provider of fast fiber optics in-home FiOS TV service, is said to be seriously considering an acquisition of media streaming provider Netflix. Speculations of Verizon’s interest were delivered by Mediatech Capital partner Porter Bibb, who said that the traditional provider of phone service is serious about Netflix , or something similar.
Neither Netflix nor Verizon has made comments about the speculation, though Verizon CEO Lowell McAdam had made comments on December 7th stating that the carrier is looking at some sort of Internet video service as a means to attract customers who may not be subscriber to FiOS TV for whatever reason, either because of lack of service availability in a customer’s geographic location (AT&T is the provider in my area, for instance, and my option here would be Uverse TV) or due to costs. It would allow for DSL subscribers on Verizon or other telephone providers access to Verizon’s video service without requiring FiOS.
Source: Gotta Be Mobile