Netflix reported 29.17 million domestic subscribers in the first quarter of 2013, surpassing HBO for the first time.
Netflix, which ended 2012 with 27.15 million domestic subs, added just over 2 million subs, according to first quarter results issued Monday.
HBO ended 2012 with 28.7 million subscribers, according to data from SNL Kagan.
The new figures will likely escalate the rivalry simmering between the two companies, given the barbs Netflix CEO Reed Hastings and Jeff Bewkes, chairman of HBO parent company Time Warner, have traded over the years
That said, Netflix has a ways to go before catching up worldwide. HBO has 114 million subscribers across the globe, a far cry from the 7.14 million Netflix has outside the U.S. Netflix also added just over 1 million subs internationally in US., bringing its global total to over 36 million subs–more than 3 million than last quarter.
SNL Kagan will offer first-quarter update next month on the premium channels, which could put HBO back on top again.
Following the biggest fourth-quarter worldwide subscriber gain ever and some controversy around increased prices in the U.S., Netflix looks to keep its momentum going into 2019. From Jan. 18 through March, the streaming site will release 10 original films, including action-packed thrillers, a post-apocalyptic sci-fi, quirky comedies, inspirational dramas, an artistic horror movie and a viral [...]
Netflix’s binge-spending on content isn’t expected to slow down. The streamer spent a whopping $12.04 billion in cash on content last year, up 35% from $8.9 billion in 2017, according to its fourth-quarter 2018 earnings report. For the year ahead, Wall Street analysts see that climbing 25% — to around $15 billion on a gross [...]
Brian Grazer and Ron Howard’s Imagine Documentaries has set a first-look pact with Apple to develop non-fiction features and series. The deal comes as Imagine is investing heavily in the premium non-fiction arena. The company in June recruited RadicalMedia veteran Justin Wilkes to head Imagine Documentaries as president. The deal suggests that Apple sees docu [...]
Disney has rejiggered its business segments for earnings reporting to make room for the new unit housing its global streaming operations. Disney on Friday released restated earnings for fiscal 2018, 2017 and 2016 to give investors and financial analysts better visibility into its spending on the launch of the Disney Plus, ESPN Plus and other [...]
Documents related to a 2012 lawsuit against Facebook in which children, sometimes unwittingly, spent their parents’ money on games via the social site will be unsealed, according to a Monday ruling from the United States District Court. The court gave Facebook ten days to file unredacted documents in accordance with the ruling. The 2012 lawsuit [...]
Facebook has restructured its augmented and virtual reality research division and set up a new group tasked with building augmented reality (AR) glasses, according to a new Business Insider report. Facebook acknowledged the move in a statement given to the publication, saying that the move affected “a few hundred people.” The group has already built [...]
Coming next week: a new NBA primetime show — delivered over the internet — covering all the live action and storylines of the evening. The NBA is teaming with Turner Sports and Yahoo to produce a live nightly show designed for mobile viewers in a three-hour block, slated to run five nights per week on [...]