Time Warner released numbers for HBO today for the first time, revealing that the network generated $1.2 billion in revenue in the last quarter of 2013, and $4.9 billion for the whole year. Those are the numbers of a very healthy business, and that's why Time Warner decided to publish them, citing "transparency into the business."
"HBO remains in a league of its own," Time Warner CEO Jeff Bewkes reportedly said on the company’s earnings call. "We don’t see any discernible effect on HBO’s subscriber numbers or pricing because of Netflix or other internet video subscription services."
Bewkes was hoping to reassure investors that internet video isn't a threat, but the takeaway seems to be just the opposite. HBO had a record year,...
via The Verge - All Posts http://ift.tt/1fvczsQ
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