Verizon CEO says he expects a deal with Netflix sometime soon

Verizon Communications CEO Lowell McAdam on Monday said he expects Netflix to start paying up in a deal that would ensure subscribers of the streaming service get the smoothest possible experience. This is exactly the same deal reached between Netflix and Comcast over the weekend, and could set off a huge precedent for other similar deals in the future. Broadband providers could essentially hold Netflix traffic “hostage” until the streaming service pays up for the increasing data loads.