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With 50 million streaming customers, Netflix now generates more revenue from subscriptions than its premium cable network rival HBO, according to Netflix CEO Reed Hastings.
The streaming service reported $1.15 billion in subscriber revenue at the end of June, compared with $1.14 billion for HBO, Hastings said Wednesday on his Facebook page, calling the accomplishment a "minor milestone."
"They still kick our ass in profits and Emmy's, but we are making progress," he added. "HBO rocks, and we are honored to be in the same league."
Netflix, with its original series House of Cards and Orange Is the New Black, continues to grow faster than HBO, which is only available to people with a pay-TV subscription Read more...
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