Comcast Corporation Defends Merger with Time Warner Cable and Netflix Gets Equalized Rates
Comcast Corporation (NASDAQ: CMCSA) told U.S. regulators on Tuesday that the company’s merger with Time Warner Cable Inc. would not deprive consumers of TV or broadband choices and would help the two companies compete against newcomers including Google Inc. and Apple Inc. in the video market. The company’s 175-page filing with the Federal Communications Commission formally launches the regulatory review of the proposed $45.2 billion merger between the No. 1 and No. 2 cable operators. The U.S. Department of Justice will conduct the antitrust review and the FCC will examine whether the deal is in the public interest.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice services to residential and business customers under the XFINITY brand name. This segment also provides business services, such as cellular backhaul services to mobile network operators; Ethernet network services; and online advertising services.
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Netflix, Inc. (NASDAQ: NFLX) was the headliner in a U.S. agency ruling that equalized rates for flat DVDs and first class letters was upheld by an appeals court in a case spawned by favorable treatment for Netflix who is the largest provider of subscription DVDs by mail. According to a ruling by three-judge panel of the U.S. Court of Appeals in Washington, equalizing the rates ended discrimination against companies such as GameFly Inc., the video-game rent-by-mail service.
Netflix, Inc. provides Internet television network service that enables subscribers to stream TV shows and movies directly on TVs, computers, and mobile devices in the United States and internationally. The company operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The Domestic Streaming segment offers access to content delivered over the Internet to various connected devices, such as PCs, Macs, game consoles, smart TVs, Blu-ray players, hone theatre systems, Internet video players, digital video recorders, and mobile devices.
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