Netflix’s Hastings: We’re same league as HBO

Reed HastingsNetflix CEO Reed Hastings has suggested the Internet entertainment streaming service is now in the same league as premium cable and satellite television network HBO, having surpassed its subscriber revenue figures for the last quarter, but is yet to match it in terms of profits and Emmys.

In a Facebook page status update, Hastings wrote:

Minor milestone: last quarter we passed HBO is subscriber revenue ($1.146B vs $1.141B). They still kick our ass in profits and Emmy’s, but we are making progress. HBO rocks, and we are honored to be in the same league. (yes, I loved Silicon Valley and yes it hit a little close to home.)

Posted by on Aug 8 2014. Filed under Articles, Business, IPTV, OTT, People, Results.

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