- An internet service provider in South Korea has demanded for a compensation from Netflix due to increased broadband in watching Squid game
- A local court in South Korea has ruled in favor of the company
Ekohotblog reports that South Korean Internet service provider SK Broadband has secured a ruling at a local court to cause video streaming platform Neflix to pay it fair compensation for upsurge in views of raving Korean series “Squid Game.”
Netflix who exclusively told CNN on Tuesday that Squid game is the platform’s biggest debut hit reaching 111 million viewers across the world.
The success of this series has however had a negative effect on the South Korean internet service provider, SK broadband who claims the blockbuster movie has caused increased network traffic on its facilities, necessitating more maintenance work based on the Hindu report.
According to the company, Netflix’s data traffic has rocketed 24 times since 2018 when it chose SK Broadband as its dedicated platform to deliver data-heavy, high definition video content to South Koreans. SK claims it has so far handled over 1.2 trillion bits of Netflix’s data calculated per second.
A Seoul court ruled that Netflix should “reasonably” give something back to SK for the unprecedented usage of its services.
SK Broadband is seeking $22 million as estimated cost of network usage by Neflix in 2020. Netflix on the other hand does not agree with this valuation but says it would hold negotiation talks with the internet firm to reach a possible compromise that will not affect customers.
The U.S. video streaming company argues that it has through its platform created 16,000 jobs in South Korea as well as facilitating $648 millions in investments and over $4.7 billion in general “economic effect.”
The court proceedings of the appeal filed by Netflix is set to start by late December.
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