Scene from “Squid Game” by Netflix
South Korean internet service company SK Broadband is suing Netflix, immediately after the platform’s common demonstrate “Squid Activity” allegedly led to a surge in community targeted visitors, Reuters first described Friday.
The net provider is inquiring Netflix to fork out for affiliated upkeep costs ensuing from a spike in community site visitors for the dystopian thriller that Netflix co-CEO Ted Sarandos stated Monday is on speed to turn into the streaming giant’s “greatest demonstrate at any time.”
Netflix shares were marginally unfavorable Friday afternoon. Shares of SK Telecom, SK Broadband’s dad or mum corporation, were up a lot more than 1%.
“We will overview the claim that SK Broadband has filed towards us,” a Netflix spokesperson reported in an electronic mail statement to CNBC. “In the meantime, we continue to seek open dialogue and examine means of doing work with SK Broadband in purchase to ensure a seamless streaming experience for our shared consumers.”
The information arrives soon after a South Korean courtroom stated Netflix should really “reasonably” pay anything to SK Broadband for network use. In modern months, lawmakers in the country have also known as out written content suppliers these types of as Netflix that do not fork out network usage expenses.
Netflix reported previously this 7 days that it has helped create 16,000 jobs in South Korea.
SK Broadband did not reply to CNBC’s request for remark.