No Surprise: Netflix Comes Out Against Comcast-Time Warner Cable Merger

Hastings says combined company would be a threat to the Internet

Netflix told shareholders Monday that the company opposes the merger of Comcast and Time Warner Cable because it would give the combined company too much power over broadband Internet access.

The company's position, laid out in its first quarter letter to shareholders, is not all that surprising, given a recent blog post by CEO Reed Hastings where he slammed the deal Netflix cut with Comcast for direct access to its network.

Netflix ended the first quarter with more than 48 million global subscribers.

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