HBO Max shows growth despite industry slowdown

📆 05/01/2022 21:10:00
📰 ChannelNewsAsia

⏱ Reading Time:
17 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 66%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

WarnerMedia’s HBO Max streaming service gained subscribers through the holidays, defying the slowing pace of growth at some rival services, thanks to a programming lineup that included the revival of its popular “Sex and the City” series and newly released films such as “The Matrix Resurrections.”

HBO ended the year with 73.8 million subscribers to its streaming service and namesake cable network, up from 69.4 million in September. These gains, together with the addition of nearly 900,0000 paying monthly phone subscribers, sent shares up 3per cent to US$26.46 in midday trading.

HBO Max still has a long way to go to catch market-leader Netflix Inc, with its 214 million subscribers, and Walt Disney Co's Disney+, with 118 million. Disney’s growth slowed down in the company’s fiscal fourth-quarter, prompting one banker to downgrade the stock. Disney+ added just 2.1 million in the October quarter.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cher thinks women in the music industry need to 'push the envelope'Cher thinks women in the music industry need to 'push the envelope'. The 75-year-old singer is one of the best-selling artists of all time, and she's now encouraged up-and-coming female stars to keep fighting in what is still a male-dominated industry. She said: 'Through history, we've had to fight for everything that we have gotten and it never came easy....
Source: asiaonecom - 🏆 10. / 59 Read more »