Let's start by saying that Netflix is a great company that started out renting DVDs by snail mail and has evolved into a video-on-demand game-changer.
YouTube and Hulu were at the vanguard, but Netflix validated the so-called over-the-top (OTT) video market, proving consumers will pay for video programming delivered directly to TVs, smartphones or tablets without a cable or telco middleman. Netflix's video streaming service now threatens cable TV's traditional "triple play" bundle of phone, cable and Internet. Between 2010 and 2013, more than 5 million cable TV subscribers have "cut the cord," according to equity research firm ISI Group, many of them in favor of OTT providers like Netflix.
Netflix deserves nothing but praise for the new choices it has brought consumers, but it must be called out for what it's been trying to do in Washington in terms of broadband policy.
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