Verizon is offering free Netflix with its Fios package

Starting Tuesday, Verizon began bundling a free one-year Netflix subscription into its Fios Triple Play package (which includes internet, television, and phone service). Verizon has a new, formidable partner: Netflix. 

Verizon Fios customers who subscribe to the company's Multi-Room DVR Enhanced or Premium service will also be able to stream their favorite Netflix series directly to their TV. Just navigate to channel 838 to launch the service.

Salaries of employees at 25 top tech companies:

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Salaries of employees at 25 top tech companies
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Salaries of employees at 25 top tech companies

Google

Average annual bonus: $32,478

Average sign-on bonus: $27,547

Average annual base salary: $136,000

Netflix

Average annual bonus: $0

Average sign-on bonus: $3,520

Average annual base salary: $206,000

Twitter

Average annual bonus: $120

Average sign-on bonus: $26,144

Average annual base salary: $149,000

Apple

Average annual bonus: $20,298

Average sign-on bonus: $27,201

Average annual base salary: $102,000

Facebook

Average annual bonus: $33,225

Average sign-on bonus: $45,708

Average annual base salary: $145,000

Oculus VR

Average annual bonus: $395

Average sign-on bonus: $6,926

Average annual base salary: $119,000

Amazon

Average annual bonus: $24,732

Average sign-on bonus: $41,340

Average annual base salary: $118,000

Square

Average annual bonus: $988

Average sign-on bonus: $17,996

Average annual base salary: $134,000

Uber

Average annual bonus: $31,633

Average sign-on bonus: $1,807

Average annual base salary: $117,000

Pinterest 

Average annual bonus: $4,374

Average sign-on bonus: $33,376

Average annual base salary: $151,000

Tesla

Average annual bonus: $4,779

Average sign-on bonus: $19,447

Average annual base salary: $105,000

UnitedHealth Group

Average annual bonus: $7,280

Average sign-on bonus: $118

Average annual base salary: $87,000

Snap Inc.

Average annual bonus: $10,588

Average sign-on bonus: $23,705

Average annual base salary: $127,000

Hewlett Packard Enterprise Co.

Average annual bonus: $10,756

Average sign-on bonus: $8,265

Average annual base salary: $131,000

CSRA

Average annual bonus: $13,732

Average sign-on bonus: $1,186

Average annual base salary: $100,000

credit: Facebook

Capital One

Average annual bonus: $15,114

Average sign-on bonus: $8,568

Average annual base salary: $107,000

Fitbit

Average annual bonus: $18,069

Average sign-on bonus: $25,459

Average annual base salary: $128,000

Pandora

Average annual bonus: $22,316

Average sign-on bonus: $18,886

Average annual base salary: $109,000

Microsoft 

Average annual bonus: $23,224

Average sign-on bonus: $20,191

Average annual base salary: $179,000

Airbnb

Average annual bonus: $23,250

Average sign-on bonus: $23,250

Average annual base salary: $124,000

Arista Networks

Average annual bonus: $27,497

Average sign-on bonus: $18,652

Average annual base salary: $151,000

credit: Facebook

Linkedin

Average annual bonus: $32,216

Average sign-on bonus: $25,418

Average annual base salary: $149,000

Dropbox

Average annual bonus: $32,707

Average sign-on bonus: $32,833

Average annual base salary: $144,000

VMware

Average annual bonus: $33,145

Average sign-on bonus: $18,851

Average annual base salary: $147,000

Salesforce

Average annual bonus: $39,959

Average sign-on bonus: $28,314

Average annual base salary: $142,000

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Verizon isn't the only company to offer such a bundle. T-Mobile already offers free subscriptions to the streaming service to users with more than two lines on a voice plan. AT&T offers free HBO, and Sprint offers free access to Tidal's streaming platform HiFi. 

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However, Verizon is the first company to bundle a Netflix subscription into cable TV. 

We expect that these bundles will only become more common as net neutrality fades into the past. With ISPs no longer allowed to play favorites, it's possible that streaming services like Netflix could cost even more to access, or that some providers could block it entirely. A free subscription to the streaming service could tip some people from one provider, or plan, to another.

And while cable companies don't always compete with each other (many people don't get to choose their provider), they do compete with streaming services. In 2016, almost 2% of cable TV customers cancelled their subscriptions (a large increase from the previous year), and the dominance of streaming services was cited as the primary cause. 

Verizon's move perfectly embodies the phrase "If you can't beat them, join them." By footing the cost of the most popular streaming services, Verizon could make its cable package all the more appealing to millennials who would otherwise stick with an internet-only package. 

Is the deal worth it? If you're currently a wifi-only customer, probably not. Fios' Triple Play package is $79.99 per month, while the wifi alone is $39.99 per month. Netflix's standard plan is $10.99 per month. So if you don't need television or a landline, it's not worth shelling out for the Triple Play package just for free Netflix. 

But if you were already paying for Triple Play, you'll get a nice treat. And maybe, as more TV subscribers cut the cord every year, you'll keep yours intact. 

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