Netflix Is Chasing HBO, but It’s Already Passed Plenty of Big Cable Guys

Netflix makes no bones about the fact that it wants to be HBO. And it is closing in on the pay channel, at least in terms of revenue: in 2013, Netflix’s streaming business generated $3.5 billion, while HBO made $4.9 billion from subscription fees. But while it chases Time Warner’s pay channel, Netflix has already passed lots of other big cable operations. MoffetNathanson’s Michael Nathanson spelled it out -- Netflix has already climbed past AMC Networks, Starz, CBS’s Showtime and Scripps Networks. Next up, Discovery.