Is Netflix the 'Biggest Threat' to the Telecom Industry?

Cecilia Kang has a nice, stepback piece about what's really at stake in the battles between Netflix and the telecom companies that actually run the wires. It's almost an explanation for the question, "Why does Netflix matter to the future of the Internet?"

It has 20 million subscribers, way up from 12 million just a year ago. Its stock has tripled in that time. During periods of peak Internet use, a full fifth of all American bandwidth consumption is people watching movies on But the more that consumers embrace the movies-at-home ethos of Netflix, the more uncomfortable major players in the entertainment industry have become. Now Netflix, a secretive company known more for the laid-back attitude of its founder than for sharp elbows, has emerged at the center of a titanic clash over the future of television.

Read the full story at the Washington Post.