Reacting to the ongoing debate on the burning issue of Net Neutrality, the Premium media giant underlined that existing decision will ruin the future of young and aspiring innovators. The online content provider issued an official statement on twitter where It slammed Republican-led Federal Communications Commission for stalling innovation, creativity & civic engagement.
Courtesy: @netflix
The international online streaming platform Netflix was founded in founded in 1997 by Reed Hastings and Marc Randolph and now it has become the household name across the globe. Netflix provides streaming media and video-on-demand online. In 2013, Netflix expanded into film and television production, as well as online distribution. The company has its headquarters in Los Gatos, California.
According to figures of July 2017, Netflix had 103.95 million subscribers worldwide, including 51.92 million in the United States. The American entertainment company, who is making inroads in the country was ranked No. 9 among video-streaming apps in terms of monthly active users in the first half of this year.
As reported by CNN, the Republican-led Federal Communications Commission voted 3-2 to revoke guidelines aimed at protecting net neutrality -- rules that ensure internet providers can't deliberately speed up or slow down traffic from specific websites or apps.