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Netflix sued? Popularity of Squid Game lands streaming giant in hot water

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Millions of viewers have been sucked into the terrifying world of Squid Game.

Released only a fortnight ago, the South Korean series has hit number one on Netflix in an incredible 90 countries.

In fact… this is the reason Netflix is in hot water with South Korea

A South Korean internet service provider is suing Netflix over the increased traffic thanks to its growing popularity in the country

SK Broadband claims that Netflix is South Korea’s second-largest traffic generator, after YouTube, and other streaming giants such as Facebook and Apple, who are paying network usage fees.

Google’s YouTube and Netflix the two are the only companies to not pay network usage fees.

What does Seoul want?

Essentially – SK Broadband’s lawsuit wants Netflix to pay for network access.

A Seoul court said Netflix should “reasonably” give something in return to the internet service provider for network usage.

Many South Korean politicians agree, and have spoke out against content providers who do not pay for network usage, despite the insane amount of viewers generating usage traffic.

SK Broadband says Netflix’s data traffic handled by the service had jumped 24 times from May 2018 to 1.2 trillion bits of data processed per second as of September – this stat is largely due to Squid Game.

In its court documents, SK estimated the network usage fee Netflix needed to pay was about 27.2 billion won ($31.55 million) in 2020 alone.

Will Netflix pay?

Well – they don’t want to.

Netflix said it would review SK Broadband’s claim for increased network traffic and maintenance work costs.

Reuters reported that Netflix had previously brought its own lawsuit on its obligation to pay SK Broadband network fees. The world’s largest streaming giant argued its obligation is to create the content and make it accessible.

Netflix has significantly increased its presence in South Korea and says its brought a lot of dollars to the Asian country.

In fact, Netflix said it had invested 770 billion won in South Korea’s TV and film production industry, adding an extra 16,000 jobs.

According to Bloomberg, Netflix committed to this year spending $US500 million in South Korea to capitalise on what was one of its fastest-growing markets.

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How Urth.io’s Samantha Jewell is pioneering ESG

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In this special interview, the Earth.io CEO discusses the critical role of soil carbon in tackling climate change and her mission to reshape the future of sustainable business.

Samantha Jewell, founder and CEO of Urth.io, is on a mission to change the way businesses think about Environmental, Social, and Governance (ESG) principles, particularly in the area of soil carbon stewardship.

In a recent on Ticker News, Jewell underscored the importance of reducing carbon emissions and the critical role businesses can play in addressing climate change.

One key focus of Urth.io is supporting farmers in creating carbon offsets through responsible soil management.

“Soil carbon is one of the most underappreciated tools we have to combat climate change,” Jewell explained.

However, she acknowledges the challenges, particularly the complexity of regulations and the need to shift mindsets among both farmers and buyers.

Revealing book

Jewell’s book, *Carbon is Not a Dirty Word*, serves as a practical guide for businesses and individuals looking to implement sustainable practices.

“The book is about making sustainability accessible, whether you’re a business leader or a farmer,” she said.

As ESG becomes a central concern for many industries, Jewell believes that education and a commitment to long-term change are essential.

To learn more about her work or purchase her book, visit samjewel.com or urth.io.

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Google’s dominance threatened by lawsuit

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The U.S. Justice Department is taking aim at Google’s search empire.

 

The DOJ wants Google to spin off key assets like Chrome and Android to create a fairer marketplace. Analysts warn this move could undercut Google’s search dominance and slow down its progress in AI. Google might even be forced to share user data, potentially boosting its competitors.

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Biden speaks to Netanyahu over the phone in a bid to ease escalating tensions in the Middle East

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President Biden and PM Netanyahu speak on the phone for the first time in months as tensions with Iran explode. No ceasefire, no end in sight, with Israel and Hezbollah locked in conflict.

U.S. President Joe Biden and Israeli Prime Minister Benjamin Netanyahu spoke on Wednesday as tensions with Iran continue to flare.

The 30-minute call between Biden and Netanyahu marks their first since August, highlighting escalating conflict between Israel and Iran-backed forces.

With the conflict with Hezbollah intensifying and Gaza caught in the crossfire, there’s no indication of a ceasefire on the horizon. #featured #trending

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