Scene from “Squid Game” by Netflix
South Korean internet service provider SK Broadband is suing Netflix, after the platform’s well-liked present “Squid Game” allegedly led to a surge in community site visitors, Reuters first reported Friday.
The internet provider is asking Netflix to pay for related upkeep prices ensuing from a spike in community site visitors for the dystopian thriller that Netflix co-CEO Ted Sarandos mentioned Monday is on tempo to grow to be the streaming large’s “biggest show ever.”
Netflix shares had been barely destructive Friday afternoon. Shares of SK Telecom, SK Broadband’s guardian firm, had been up greater than 1%.
“We will review the claim that SK Broadband has filed against us,” a Netflix spokesperson mentioned in an electronic mail assertion to CNBC. “In the meantime, we continue to seek open dialogue and explore ways of working with SK Broadband in order to ensure a seamless streaming experience for our shared customers.”
The information comes after a South Korean courtroom mentioned Netflix ought to “reasonably” pay one thing to SK Broadband for community utilization. In current months, lawmakers within the nation have additionally referred to as out content material suppliers resembling Netflix that don’t pay community utilization charges.
Netflix mentioned earlier this week that it has helped create 16,000 jobs in South Korea.
SK Broadband didn’t reply to CNBC’s request for remark.