Netflix Surpasses HBO in Subscription Revenue

According to last quarters results, Netflix’s subscription revenue totaled $1.146 billion compared to HBO’s $1.141 billion. The CEO of Netflix, Reed Hastings, posted the announcement on his Facebook page but still gave kudos to HBO.

 

netflix online video streaming home box office cable network

Photo credit: Usatoday.com

 

Netflix was founded in 1997 but started as a DVD rental service. Eventually, the company began streaming movies and tv shows in 2007.   Netflix has released their own original series such as House of Cards and Orange is the New Black, which have been both nominated for the upcoming Emmy’s scheduled to air August 25th.

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