In his first public speaking engagement as Netflix co-CEO, Greg Peters made a firm declaration that the company does not wish to be obligated to cover the expenses associated with building internet infrastructure in Europe. Peters stressed that Netflix is committed to delivering quality content to its subscribers, and any forced financial contribution towards network upgrades could ultimately impact the quality of that content.
The telecommunications industry in Europe is currently undergoing a transformation with the introduction of 5G networks, which are set to enable faster internet speeds and increased capacity. However, the development and expansion of this new technology come with a significant cost.
Regulators and policymakers are considering imposing fees on companies that benefit from the upgrades, such as Netflix, to finance the investment in new infrastructure.
Peters acknowledged that Netflix is a significant user of broadband, and its streaming services are dependent on reliable and fast internet connections. However, he emphasized that it would be unfair to make content providers solely responsible for funding infrastructure upgrades.
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Instead, he called for a collaborative approach between governments, regulators, and service providers to share the financial burden of upgrading internet infrastructure.
Peters also pointed out that investing in infrastructure would ultimately benefit not only the telecommunications industry but also other sectors of the economy. Therefore, it would be in everyone’s best interest to work together to ensure that the necessary investments are made to deliver high-quality internet connectivity to all consumers.
In conclusion, Peters stressed that Netflix’s priority is to continue delivering high-quality content to its subscribers, and any forced contribution to network upgrades could impact this. He called for a collaborative approach to ensure that investments are made to upgrade internet infrastructure, ultimately benefitting all stakeholders.
