- The FCC wants more details about Netflix's (NFLX +0.6%) direct peering deals with the likes of Comcast and Verizon to gauge their impact, chairman Tom Wheeler states before Congress. "We are looking under the hood."
- Reed Hastings has made it clear he views the deals, which in some cases have led to much better streaming speeds for customers, as a necessary evil, and has called for tougher neutrality laws that would make them unnecessary.
- As recent data shows, Netflix speeds still vary considerably from one ISP to another.
- Wheeler's remarks come after a month after he pushed through a neutrality proposal that could open the door to pay-for-priority deals between ISPs and content providers for the last mile, albeit while also seeking comment on whether such deals (fiercely opposed by neutrality advocates) should be banned.
- Traditional Netflix peering provider Cogent (CCOI +0.9%) loses out when Netflix strikes direct peering deals.