Netflix Publicly Opposes Time Warner Cable and Comcast Merger

“The Los Gatos, Calif., streaming video service on Monday warned that the proposed $45.2 billion merger of Comcast and Time Warner Cable would create a worrisome concentration of broadband control, opposition that makes Netflix the first major company to publicly speak out against the combination.

“I don’t know that we want anybody to control half of the US Internet, and that’s the real basis of our objection to the merger,” Netflix CEO Reed Hastings said during a webcast to discuss results.” read more

mo·nop·o·ly / məˈnäpəlē

noun

  1. the exclusive possession or control of the supply or trade in a commodity or service.

     

     

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