Netflix won't be slow on Verizon FiOS, but it was required to pay up

Netflix Verizon slow
Netflix pays the ransom to big red

Netflix didn't just cave to Comcast's demands for direct access to its cable subscribers. The movie streaming service also worked out a deal with Verizon today.

"We have reached an interconnect arrangement with Verizon that we hope will improve performance for our joint customers over the coming months," said a Netflix spokesperson.

Paying the piper

Today's Netflix deal with Verizon isn't unexpected. In fact, AT&T wants in on the ability to charge Netflix for faster distribution to its U-Verse subscribers too.

ISPs are double dipping by charging their customers for access to Netflix and, now, charging Netflix to access to their customers or face slower speeds. But this ransom did end peacefully.

Comcast subscribers saw a Netflix streaming speeds increase by 65%, meaning more and more ISPs are likely to follow suit.

Matt Swider