Connect with us

Hi, what are you looking for?

Fibonacci Tech News

Netflix ends a three-year legal dispute over Squid Game traffic

Illustration by Alex Castro / The Verge

Netflix and South Korean ISP SK Broadband have been locked in a legal tussle over network usage cost-sharing since 2020 when Netflix filed a lawsuit against the provider, and SK Broadband responded with its own suit. Now the fight is over, Netflix announced, as the companies drop their lawsuits and instead become partners (via Reuters).

The lawsuits started because SK Broadband wanted Netflix to help cover the expense of partially Squid Game-induced increases in streaming traffic in South Korea. A South Korean court said Netflix is obligated to pay for the increased network demands. SK estimated the popular show had cost it an extra 27.2 billion Korean won, which translated then to about $23 million.

The companies will start offering…

Continue reading…

You May Also Like

Fibonacci Stock News

In the previous technical note, it was categorically mentioned that while the markets may attempt to inch higher, they may not form anything beyond...

Fibonacci Investing News

Chris Edwards Many American cities need more low‐​income housing, but governments reduce supply and raise construction costs with regulations, taxes, and bureaucracy. The Wall...

Fibonacci Tech News

Illustration by Alex Castro / The Verge The question of who gets to regulate crypto has some answers, as a judge has ruled the...

Fibonacci Stock News

If you look at a chart of PLTR stock, you can see that it has had quite a ride, from its short-lived period of...