Copyright 2016 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Netflix Passes HBO In Subscription Revenue
Netflix is raking in the dough.
The company's subscriber revenue inched past HBO in the second quarter with $1.146-billion compared to HBO's $1.141 billion.
Netflix has fewer subscribers than HBO but it doesn't have to split the revenue with cable distributors like HBO.
Netflix executives have cited HBO as a model as it moves into original programming.