Netflix, SK Broadband end dispute over network traffic costs | Business and Economy

Corporations say they’ve reached a partnership to launch joint merchandise and cooperate on synthetic intelligence.

South Korean web service supplier SK Broadband and Netflix have introduced they may finish all lawsuits with one another following a dispute over whether or not Netflix ought to pay for prices from elevated community site visitors and upkeep work.

SK Broadband and mum or dad SK Telecom stated in a joint assertion with Netflix on Monday that that they had agreed on a partnership to launch joint merchandise and search methods to make use of synthetic intelligence (AI) merchandise being developed by SK.

“Shifting ahead, SK Broadband and Netflix will finish all disputes with the signing of at the moment’s partnership, and collaborate as companions for the long run,” the assertion stated.

Spokespeople for Netflix and SK Broadband stated each had withdrawn their lawsuits.

The 2 sides have been in a authorized dispute since 2020 over whether or not content material suppliers that generate giant volumes of site visitors ought to pay for community use, or whether or not that may go towards the precept of “web neutrality” and result in larger prices for customers.