Level 3 Says Comcast Wants ‘Toll’ to Protect Cable-TV Business
Stock Chart for Level 3 Communications Inc (LVLT)
Level 3 Communications Inc. said Comcast Corp. is trying to protect its cable-television business by charging Level 3 for delivering movies and other video content to its customers.
“Online distribution of movies, TV shows and other content threatens Comcast’s traditional ‘closed’ video distribution model,” the company said.
Level 3, which provides broadband services to customers including Netflix Inc., made the statement in a 19-point public letter issued today.
To contact the editor responsible for this story: Peter Elstrom at firstname.lastname@example.org
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.