Comcast Boosts Netflix After Deal

    The Netflix sign on is shown on an iPad in  Encinitas, California, April 19,2013. Netflix Inc reported on April 22, 2013 a first-quarter profit that beat Wall Street expectations as the dominant video rental service added new streaming subscribers in the United States. Netflix shares soared to $207.39 in after-hours trading, rising 19 percent from a close of $174.37 on Nasdaq. For January through March, Netflix recorded $19 million in net income, excluding a loss for retiring debt, and adjusted earnings per share of 31 cents. Picture taken April 19, 2013.   REUTERS/Mike Blake  (UNITED STATES - Tags: BUSINESS SCIENCE TECHNOLOGY ENTERTAINMENT) - RTXYW4C

    Mike Blake/Reuters

    Though technology watchdogs were less than thrilled when Netflix and Comcast struck a deal to connect their two networks, the pact appears to be paying off quite nicely for the two companies. Netflix has seen a notable boost in traffic, averaging 1.68Mbps in February, up from 1.51Mbps in January. The move sets a new precedent as broadband providers begin to seek additional compensation to allow streaming services, like Netflix, direct connections to improve their performance.

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