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Wednesday, February 2, 2011

Canada Imposes A Data Cap (NASDAQ:NFLX)

NEW YORK - Netflix says hello but the CRTC (Canadian Radio Telivision Communications) says goodbye. Netflix which has recently added it service to Canada can now kiss their chance of growth in the new Canadian market goodbye. Canada has now implemented metered internet usage also called usage based billing. Canadian internet service providers are now pricing their revised prices.

Starting on March 1 the new cap era of 25 GB substantially down from some deals of 200 GB. In the United States Comcast has a 250GB data cap.

Netflix pledges to do what it can to promote a larger cap. Internet users have largely sided with Netflix. Time Warner set low data caps and people rebelled eventually forcing the company to reverse its cap in 2009.

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