HBO Max gains US subscribers as Netflix slips

HBO Max registered 2.4 million new subscribers in the June quarter of the United States, and hundreds of thousands of Americans canceled Netflix. This shows that the Hollywood streaming battle has intensified.

By the end of June, HBO Max had 12.1 million retail subscribers, compared to 9.7 million at the end of March. This does not include anyone who has free access to WarnerMedia-owned services through a cable subscription.

In contrast, Netflix has lost 430,000 subscribers in the United States and Canada over the last three months. Refueling concerns The streaming giant has given way to new entrants to the markets it has pioneered.

Netflix has 74 million subscribers in the United States and Canada and 209 million worldwide, making it a leader in streaming. But investors and analysts are worried about a slowdown in North America.

Michael Nathanson, an analyst at Moffett Nathanson, said: “Netflix’s position as a starter is clearly challenged,” he said, warning Netflix in the United States that “middle-aged seems to have begun.”

In recent years, the largest traditional media groups have reinvented themselves as streaming services and integrated for massive profits as they try to compete with Netflix.Disney Won Fox is $ 71 billion, AT & T is bought WarnerMedia is $ 85 billion.

May AT & T agreed spin off Combining WarnerMedia and rival Discovery, just three years after the company was acquired, it became a humble hideaway from Hollywood for telecommunications companies.

The deal is one of Entertainment’s most valuable portfolios, including Warner Bros. Pictures and TV studios, HBO networks, and cable channel portfolios such as CNN, and no script for Discovery with brands ranging from sports and wildlife to home improvement. It is a combination of programming.

Netflix senior executives have rejected HBO as a threat this week. Co-CEO Reed Hastings told investors that the combination of Discovery and Warner was “less important” than Disney’s acquisition of Fox, but HBO impacted Netflix’s growth in subscribers. He added that it never happened.

“Do HBO or Disney … Does it have a different impact than in the past? We haven’t seen it [data]Hastings told investors. “It gives us comfort.”

Co-CEO Ted Sarandos also criticized Warner’s deal. .. .. Consolidation, if 1 and 1 are equal to 3, or if 1 and 1 are equal to 4, are 1 and 1 equal to 2 while most of them tend? “

Over the past year and a half, Disney, Apple, WarnerMedia, Comcast, Discovery and others have launched streaming platforms with great success.

Warner launched HBO Max in the United States last year for $ 15 a month and expanded to Latin America at the end of June. The service has reached a direct sign-up of 12m, with a total subscriber base for both HBO and HBO Max reaching 47m. That’s well below rival Disney, which reached 104 million Disney Plus service subscribers in May.

WarnerMedia’s revenues reached $ 8.8 billion this quarter, up 31% from a year ago, above Wall Street’s forecast of $ 8.4 billion, due to the increase in HBO subscribers.

The parent company, AT & T, posted a net profit of $ 1.9 billion against a revenue of $ 44 billion. AT & T’s share price rose 1.6% in pre-market transactions.

HBO Max gains US subscribers as Netflix slips Source link HBO Max gains US subscribers as Netflix slips

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