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When binge-watching TV became a universal pastime at the height of the pandemic, one of Europe’s top officials called the Chief Executive Officer and co-founder of Netflix Inc. and told him to make his product worse.
“It’s time to see if our regulation and organization of the infrastructure supporting our digital space is relevant or not,” Breton said in an interview with Bloomberg this month.
Netflix has installed thousands of server boxes in more than 700 EU cities, to compress and store video locally so it doesn’t jam networks.
Social Network Meta spending on infrastructure like cables and data centers has soared In the US, there are now just three big mobile companies, while the EU contains nearly 40 large players, whose mergers have been blocked, making it nearly impossible to keep up, the telcos argue.
Although experts question how accurately companies can determine where data comes from, it’s clear that usage is only likely to increase.
For now, European carriers are avoiding lawsuits like SK Broadband Co, in South Korea, which sued Netflix claiming the rush to watch hit show Squid Game meant the streamer should be liable for millions of dollars in higher network costs.
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Taxing foreign tech companies is just a way of life for europoors.
Someone's gotta pay for all that "free" healthcare, after all.
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