What does Disney’s acquisition of 21st Century Fox have to do with the repeal of net neutrality?
Andrew McCollum, CEO of streaming service Philo TV, says that a deregulated internet environment will incentivize major distribution companies to get into the programming space.
“There no longer will be strong rules preventing them from leveraging their infrastructures to gain an advantage in the marketplace over potential competitors,” he said in an interview on Cheddar.
Expectations that the FCC would vote to roll back protections sparked protests from internet users and enterprises alike. When the decision came down, Netflix tweeted its disappointment, saying that the agency’s “misguided order” would be the beginning of a long legal battle.
McCollum, who spoke before the FCC voted, pointed out that the end of net neutrality gives consumers the short end of the stick.
“You just have to imagine a world where, if you’re using Comcast and you’re trying to access [its] NBC content, it works really well. [But] if you’re trying to watch Netflix, suddenly it’s really slow.”
For full interview [click here](https://cheddar.com/videos/the-fight-for-a-free-internet).
Much like all the upheaval shaking the world, the huge swings rocking Wall Street may feel far from normal. But, for investing at least, this is normal.
Joe Cecela, Dream Exchange CEO, explains how they are aiming to form the first minority-controlled company to operate an exchange in U.S. history. Watch!
A Michigan judge is putting sponges in the hands of shoplifters and ordering them to wash cars in a Walmart parking lot when spring weather arrives. Genesee County Judge Jeffrey Clothier hopes the unusual form of community service discourages people from stealing from Walmart. The judge also wants to reward shoppers with free car washes. Clothier says he began ordering “Walmart wash” sentences this week for shoplifting at the store in Grand Blanc Township. He believes 75 to 100 people eventually will be ordered to wash cars this spring. Clothier says he will be washing cars alongside them when the time comes.
