For anyone interested in what Netflix Chief Financial Officer David Wells actually said about net neutrality during yesterday’s Morgan Stanley Technology, Media & Telecom Conference, here’s both the audio of his talk and the excerpt related to the FCC’s recent vote and Title II:
The full audio is here. [Net neutrality question and answer starts at 34:50.]
“So, over the last year, we've been very pleased that we've been able to rise the issues beyond that narrow piece out into the public consciousness, and I think that, that has come before. Were we pleased that it pushed to Title II, probably not, right? I mean, we were hoping that, there might be a non-regulated solution to it. But it seems like companies that are pursuing their commercial interests including us have to arrive at something like that. So we're super pleased that there is now a notion, at least a vehicle, for a complaint where if we are in the position we were in 12 to 18 months ago, where we can show you what it looks like if you're a subscriber on one ISP versus another. The notion of “well we're paying this one” and that these people are getting better service, even though they’re both paying their consumer price for bandwidth. So I would say we are very pleased with what's been accomplished. You know when you're successful as the ISPs are at providing a service. Essentially Internet has become a utility. If you think about people's willingness to drop their broadband, I think there's been some studies that they're willing to drop many other things including buying milk before they dropped their broadband. That's a pretty strong indicator that you've got something that has become, you know, a utility. And in our opinion it was very important to protect those notions.”
Anne Marie Squeo is a member of the Netflix communications team.