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Netflix Said to Agree to Pay Comcast for Faster Web Access

Netflix Inc. has agreed to pay for more-direct access to Comcast Corp.’s broadband network to improve speed and reliability for its video-streaming customers, according to three people familiar with the matter.

The companies announced a multiyear agreement in a statement yesterday, without disclosing terms. Faced with complaints about quality and speed, Netflix agreed to pay Comcast millions of dollars annually to deliver its content more efficiently, said one of the people, who asked not to be identified because the terms are private.