Netflix could get scooped up by Verizon for 4.6 Billion

December 13, 2011
9

Rumors suggest video streaming service, Netflix, could get purchased by Verizon Wireless for $4.6 Billion. The source also revealed Verizon has been currently looking for a way to minimize costs for video streaming, thus Netflix sounds like an excellent company to get involved with. Netflix is already available for practically every capable Android device, so syncing it within a service would be amazing.

However, we just heard yesterday Verizon was preparing a service with RedBox termed "Project Zeotrope". This service would allow subscribers to pay for credits prior to a media purchase. Then of course, the media would be available for up to 24 hours after a rental. Could Veizon be dealing with both RedBox and Netflix? It seems like they would pick one of the two.

Verizon using Netflix technology to stream both movies and TV shows would practically eliminate the need for their Verizon Video application. Verizon Video already has a great selection with the latest TV episodes on many channels, and tied in with the vast Netflix library it couldn't get much better. Of course, it helps to operate all of this over a WiFi connection - streaming video takes quite the toll on your allowed data usage.

[via TalkAndroid]


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  • Anonymous

    Say goodbye to $10 streaming. With big reds high prices already if this rumor is true then same thing will happen to netflix. I hope the rumor isn’t true.

  • Anonymous

    Say goodbye to $10 streaming. With big reds high prices already if this rumor is true then same thing will happen to netflix. I hope the rumor isn’t true.

  • Anonymous

    Say goodbye to $10 streaming. With big reds high prices already if this rumor is true then same thing will happen to netflix. I hope the rumor isn’t true.

  • http://claimid.com/155/ 155

    That all sounds fine and good, but do you really believe that Verizon’s service will be affordable or all you can eat?  Sounds like a way to eliminate a competitor to their TV service that they believe is too cheap rather than acquire technology inexpensively.

  • http://claimid.com/155/ 155

    That all sounds fine and good, but do you really believe that Verizon’s service will be affordable or all you can eat?  Sounds like a way to eliminate a competitor to their TV service that they believe is too cheap rather than acquire technology inexpensively.

  • http://claimid.com/155/ 155

    That all sounds fine and good, but do you really believe that Verizon’s service will be affordable or all you can eat?  Sounds like a way to eliminate a competitor to their TV service that they believe is too cheap rather than acquire technology inexpensively.

  • Anonymous

    I think Verizon is trying more to compete with the other cable companies rather then take out a competition. I think Netflix hasn’t really been a competition since they hiked there prices. With my employer DISH Network, I have the Blockbuster Movie Pass for only $10 a month and that has been a great competitor with Netflix and all the companies out there. For the $10 a month the pass includes streaming, mail-in DVDs, in-store exchanges, 20 premium channels, games and Blu-rays at no extra charge and new releases 28 days before Netflix and Redbox. Having the new releases right away was big for me because with Netflix it was always a long wait and they didn’t have them right away. Even if Verizon buys them I don’t think it will change much in the prices of either company.

  • Anonymous

    I think Verizon is trying more to compete with the other cable companies rather then take out a competition. I think Netflix hasn’t really been a competition since they hiked there prices. With my employer DISH Network, I have the Blockbuster Movie Pass for only $10 a month and that has been a great competitor with Netflix and all the companies out there. For the $10 a month the pass includes streaming, mail-in DVDs, in-store exchanges, 20 premium channels, games and Blu-rays at no extra charge and new releases 28 days before Netflix and Redbox. Having the new releases right away was big for me because with Netflix it was always a long wait and they didn’t have them right away. Even if Verizon buys them I don’t think it will change much in the prices of either company.

  • Anonymous

    I think Verizon is trying more to compete with the other cable companies rather then take out a competition. I think Netflix hasn’t really been a competition since they hiked there prices. With my employer DISH Network, I have the Blockbuster Movie Pass for only $10 a month and that has been a great competitor with Netflix and all the companies out there. For the $10 a month the pass includes streaming, mail-in DVDs, in-store exchanges, 20 premium channels, games and Blu-rays at no extra charge and new releases 28 days before Netflix and Redbox. Having the new releases right away was big for me because with Netflix it was always a long wait and they didn’t have them right away. Even if Verizon buys them I don’t think it will change much in the prices of either company.