Netflix will pay broadband provider Comcast to improve streaming for its customers, under a multi-year agreement to allow the video-streaming service direct broadband access.
The deal will allow Netflix to improve its streaming speeds, which have been slowing dramatically in recent months for Comcast users due to overwhelming traffic. The companies announced the deal in a joint statement Saturday, but did not disclose the agreement’s details.
The deal comes just 10 days after Comcast agreed to buy Time Warner Cable, which would expand the company’s reach to 33 million customers if the deal is approved by regulators.