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Print 22 comment(s) - last by Moishe.. on Oct 22 at 2:21 PM

Netflix may have passed HBO for US subscriber numbers

Netflix recently reported its Q3 results showing that it is making significant steps in catching and surpassing HBO in U.S. subscribers. Netflix is currently the world's largest subscription video service and is believed to have reached about 30 million paying customers as of September 30 according to analytics firm Needham & Co.

To compare, HBO has been estimated 28.7 million subscribers. One way that Netflix has transformed itself into a web-based television network is by delivering original series such as House of Cards along with films and TV shows.
 
Netflix is also looking to boost its subscriber count further by talking with cable providers in the U.S. including Cox Communications, Suddenlink Communications, and others to offer its streaming service inside their set-top boxes.
 
Bloomberg looked at the subscriber estimates from eight different analysts and came up with an average estimate of 31 million subscribers during Q3 for Netflix. The number represents about a 4% gain compared to June when Netflix had 29.8 million estimated subscribers.

If Netflix remains on course some analysts believe that by the end of 2013 it could have 43.8 million subscribers. Analysts also believe that over time Netflix will be able to reach 60 to 90 million subscribers. 

Source: Bloomberg



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Not at all surprising.
By retrospooty on 10/21/2013 10:56:52 AM , Rating: 2
The content is getting better and better as far as movies and older TV series, but with top notch series like House of cards and Orange is the new Black, its a no brainer. These are as good as any series on HBO or Showtime , which is the best of the best IMHO.




RE: Not at all surprising.
By ClownPuncher on 10/21/2013 12:12:19 PM , Rating: 4
Yep. While I'd be willing to toss $10 a month onto my Netflix sub to watch shows like Game of Thrones, I sure as hell am not having cable in my house ever again. Cable free since 2003.


RE: Not at all surprising.
By kattanna on 10/21/2013 12:36:12 PM , Rating: 2
we just went cable TV free this month after getting a notice that our plan was no longer available and the monthly bill was to go from $150 a month to $210.

just have internet now and while we have had to make a couple small adjustments, it hasnt been all that bad


RE: Not at all surprising.
By ClownPuncher on 10/21/2013 1:46:50 PM , Rating: 3
$210. $2520 per year. That's insane.


RE: Not at all surprising.
By tayb on 10/21/2013 1:55:35 PM , Rating: 3
It took me a few months to get used to not watching new shows when they aired but eventually you just get used to it. Netflix has a TON of television shows to watch so my wife and I just watch older shows or shows we haven't watched yet one after the other.

Not only that but if you change your IP location to another country, UK for example, you basically get another entire Netflix with completely new content. Netflix in the UK got Breaking Bad the day after it aired and has a great selection of movies.

I just can't believe people pay $210/month for television. That's insanity to me. The last vacation I took was cheaper than a year of television!


RE: Not at all surprising.
By Moishe on 10/22/2013 2:21:50 PM , Rating: 2
It really is just a slight change in mindset.

I don't mind waiting a little while, and for that patience, I save a ton of money.

There are only maybe, 2-4 movies a year that I care to see in the theater.


RE: Not at all surprising.
By Moishe on 10/22/2013 2:15:52 PM , Rating: 2
Yeah... once you realize what can be had online for less, cable is obviously much less of a deal.

I spent $150 and installed two large directional antennas on my roof and gained about 40 channels (about a 70 mile radius). Granted, about half are HD, but it's a one time fee and an afternoon's work compared to $80/month. Add a couple Rokus and other devices...

Screw cable.


RE: Not at all surprising.
By superstition on 10/21/2013 1:37:23 PM , Rating: 2
The question is... where is the good new content going to come from?

Big budget TV shows need an audience who is watching commercials or paying a high enough subscription. And, if subscription fees are the model, people are not going to agree about what type of shows should get the big budgets.


RE: Not at all surprising.
By Reclaimer77 on 10/21/2013 8:01:15 PM , Rating: 2
Agree.

You know, I didn't think Orange is the New Black was all that great. At first.

Then it got heavy into the jailhouse lesbian action, and for some reason, it got REALLY riveting!!


RE: Not at all surprising.
By MWink on 10/21/2013 9:07:10 PM , Rating: 2
I'm going to have to disagree with part of what you said. Their selection of older TV shows is not getting better, it's getting worse. Over the last year they've dropped a lot of good shows.

About a year ago I compared Netflix streaming and Amazon Prime streaming as far as shows I like. Back then they were about equal. Since then Netflix has lost quite a few and Amazon has picked up a good number. At this point Amazon Prime is by far the better streaming service for me.

Netflix has even said they're mainly interested in exclusive content. I can understand their point of view but it's not something I support.


RE: Not at all surprising.
By BillyBatson on 10/22/2013 4:35:29 AM , Rating: 2
I agree it's getting much better. We have had full HBO in my home for about 10 years now but up until 2 months ago I was mooching Netflix off of my friends account, now I finally have my own. The content is much better but I still wish new additions were adding at a much quicker pace.
I really loved house of cards and surprisingly I liked orange is the new black even more!!!! But I don't think they are as good as some HBO shows... Not yet any way. This time next year though I'm sure I'll be singing a different tune. Luckily I have both and my Samsung TV has apps for both Netflix and HboGo.


HBO is getting bribed like its nobody's business
By quiksilvr on 10/21/2013 11:06:59 AM , Rating: 2
Cable companies are absolutely desperate to keep HBO tied into cable subscriptions.

Netflix doesn't have that limitation and is on virtually every device imaginable with no ties to anything. However, I highly doubt HBO Go will be available without a cable subscription anytime soon. They are getting a ridiculous amount of money to keep it closed off and will continue to do so.




RE: HBO is getting bribed like its nobody's business
By kattanna on 10/21/2013 11:46:52 AM , Rating: 2
quote:
Cable companies are absolutely desperate to keep HBO tied into cable subscriptions


even more so.. can you imagine what would happen if ESPN went direct to customers in a netlix like subscription

LOL


By Jeffk464 on 10/21/2013 12:06:01 PM , Rating: 2
The cable companies have a dying business model. They are going to just have to become internet and phone line providers.


By ClownPuncher on 10/21/2013 12:10:37 PM , Rating: 2
While nowhere near as good, NBC started streaming NFL games online. It's a start.


By retrospooty on 10/21/2013 12:06:23 PM , Rating: 2
Yup... The consumer answer to that is just wait a year. Just get all the great HBO and Showtime series when they come out on DVD/BR via Netflix. hehehehe


By tayb on 10/21/2013 1:44:19 PM , Rating: 1
Nah, the consumer answer is to pirate the content. Isn't Game of Thrones setting torrent records?


Merger
By inperfectdarkness on 10/22/2013 5:58:06 AM , Rating: 2
I know I'm not the only one out there who would love to see a merger between Home Box Office & Netflix. It would allow access to HBO content that millions are unwilling to deal with cable in order to access. Even with a price-hike for "HBOflicks", I'd be elated to have access to all the stuff that I simply could not access before (because I'm unwilling to deal with cable).

Long live Netflix.




RE: Merger
By Moishe on 10/22/2013 2:20:19 PM , Rating: 2
I'd like to see Netflix buy HBO... but if HBO bought Netflix, they'd screw it up.

Netflix has the mindset and position of the new guy on the block, which means innovation is rampant. HBO is more settled and comfortable. They're being forced into the new delivery methods instead of forging ahead as innovators.

I like a lot of HBO content, but they need to remain a creator and let someone else provide the delivery.


By tayb on 10/21/2013 1:49:39 PM , Rating: 2
Up 4.4% today to $348.18. Up from somewhere around $70 at the start of the year. You can't explain this! Their P:E ratio is through the roof!




Netflix @ 30 million subscribers?
By RadRich on 10/21/2013 2:47:18 PM , Rating: 2
These numbers are old, and reflect streaming customers only. However, if they hadn't fooled around with the pricing structure a few years back, Netflix would have 50 million customers today.

quote:
Netflix added 630,000 U.S. subscribers during the three months ending in June. That performance was slightly above the mid-range target set by Netflix Inc.'s management in April, but less than what many investors were expecting. Here's a breakdown of Netflix's subscribers as of June 30 and details on its forecast:

Streaming:

— 29.8 million in U.S., gain of 633,000 during the second quarter

— 7.75 million outside the U.S., gain of 605,000

— 37.6 million total, gain of 1.2 million

Source: http://news.yahoo.com/numbers-netflix-subscribers-...




I would subscribe if
By thurston2 on 10/21/2013 4:48:48 PM , Rating: 2
I would subscribe to HBO if HBO would sell me a subscription without needing to have cable service.




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