Netflix boss has good things to say about net neutrality

It's probably not surprising that Netflix (Nasdaq: NFLX) CEO Reed Hastings likes the way the FCC is planning to handle net neutrality. After all, if there are controls on the way service providers handle Web traffic, it's likely that the video (bandwidth) heavy Netflix will benefit--even if those controls aren't as strong as some might like.

"(FCC Chairman) Julius (Genachowski) has done a great job in a very challenging situation," Hastings said, even though the rules don't give his company and other content providers as much leeway as they might want.

On the other hand, he said, the rules, weak as they might be, could be enough to keep ISPs on the straight and narrow they have been following since the threat of regulation popped up. "Hopefully it's (net neutrality) a warning shot so no further action is needed," Hastings said.

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