'Squid Game' Was So Popular On Netflix, It Got Sued: Three Years Later A Partnership Is Forged
Portfolio Pulse from Chris Katje
Netflix Inc (NASDAQ:NFLX) and SK Telecom Co Ltd (NYSE:SKM) have resolved their legal disputes and announced a partnership. The disputes arose from increased network traffic due to the popularity of 'Squid Game' on Netflix, which led SK Telecom's unit, SK Broadband, to sue Netflix. The partnership will offer bundled packages for customers with Netflix, SK Telecom, and SK Broadband items. The companies will also explore leveraging AI technologies from SK for better customer experiences. The financial details of the partnership were not disclosed.
September 19, 2023 | 4:05 pm
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Alphabet Inc was mentioned in the article as the largest data traffic generator, ahead of Netflix.
Alphabet Inc was mentioned in the article as the largest data traffic generator, ahead of Netflix. However, this information does not have a direct impact on the company's stock price.
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NEUTRAL IMPACT
Alphabet Inc was mentioned in the article as the largest data traffic generator, ahead of Netflix.
Alphabet Inc was mentioned in the article as the largest data traffic generator, ahead of Netflix. However, this information does not have a direct impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 20
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Netflix has resolved its legal disputes with SK Telecom and announced a partnership. This could potentially save Netflix from paying a fee related to increased network demands during 'Squid Game's' peak popularity.
The resolution of the legal disputes and the new partnership could potentially save Netflix from paying a fee related to increased network demands, which is a positive outcome for the company. The partnership could also lead to new opportunities and increased customer base.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
SK Telecom has resolved its legal disputes with Netflix and announced a partnership. The partnership will offer bundled packages for customers with Netflix, SK Telecom, and SK Broadband items, potentially increasing its customer base.
The resolution of the legal disputes and the new partnership with Netflix could potentially increase SK Telecom's customer base, which is a positive outcome for the company. The partnership could also lead to new opportunities and increased revenues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100