Netflix, which recently reached 50 million streaming customers, now generates more revenue from subscriptions ($1.146 billion) than HBO. According to Netflix CEO Reed Hastings, edging past HBO’s $1.141 billion is a “minor milestone.” SNL Kagan estimates that HBO has 28.7 million U.S. subscribers. However, HBO remains much more profitable than Netflix. In related news, Time Warner Chairman Jeff Bewkes told analysts this week he is open to OTT services. Continue reading Netflix Has More Subscribers, But HBO Remains More Profitable

Netflix, Crackle and Funny or Die all received nominations for the 66th Primetime Emmy Awards yesterday. Netflix earned an impressive 31 nominations, with “House of Cards” and “Orange Is the New Black” both nominated in the best drama and comedy series categories, respectively. Crackle was nominated for Jerry Seinfeld’s “Comedians in Cars Getting Coffee” and the Zach Galifianakis interview with President Obama on “Between Two Ferns” earned Funny or Die a nomination. Continue reading Digital Networks Earn Record Number of Emmy Nominations