Netflix reaches deal with Comcast

NEW YORK (AP) - February 23, 2014

The two companies said in a joint statement Sunday they're establishing a more direct connection to provide a better service to customers that will also allow for future growth in Netflix traffic. The companies say the arrangement is already giving customers a better experience.

The statement says Netflix will receive no preferential network treatment under the multi-year deal. The terms of the deal are not being disclosed.

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