Netflix Passes HBO in Paid U.S. Subscribers

Cliff Edwards, reporting for Bloomberg:

Netflix, based in Los Gatos, California, reports third-quarter results today after markets close. Already the world’s largest subscription-video service, the company probably reached 30 million paying U.S. customers as of Sept. 30, according to Needham & Co. HBO, Time Warner Inc.’s premium cable-TV network, has about 28.7 million, according to researcher SNL Kagan.

Reed Hastings knows what he’s doing. If you’d told me five years ago this would happen in 2013, I wouldn’t have believed you.

Update: Ends up Netflix added over 1.3 million new U.S. subscribers, for a total of over 31 million.

★ Monday, 21 October 2013