At the end of 2010, Time Warner CEO Jeff Bewkes was asked about the growth of Netflix, and whether it posed a threat.
His answer: “It’s a little bit like, is the Albanian army going to take over the world? I don’t think so.”
Well, the Albanian army is now winning.
On Facebook yesterday, Netflix CEO Reed Hastings said, “Minor milestone: last quarter we passed HBO is subscriber revenue ($1.146B vs $US1.141B). They still kick our arse 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.)”
This chart from Quartz shows Netflix subscription revenue is beating HBO revenue:
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