Just because they have two completely different business models doesn’t mean that comparisons between Netflix and HBO are irrelevant. They’re going for the same people – those willing to pay extra for more television entertainment.
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Netflix to eclipse HBO in subscribers
Bloomberg
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Published October 21, 2013
TECHi's Take
Netflix Inc. (NFLX) is poised to pass HBO in paid U.S. subscribers, showing Chief Executive Officer Reed Hastings is making progress toward a goal of transforming the streaming service to a Web-based television network.
Netflix, based in Los Gatos, California, reports third-quarter results today after markets close. Already the world’s largest subscription-video service, the company probably reached 30 million paying U.S. customers as of Sept. 30, according to Needham & Co. HBO, Time Warner Inc. (TWX)’s premium cable-TV network, has about 28.7 million, according to researcher SNL Kagan.
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