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When the history of video programmers is written, today may be a key date.
Of course, there are a few mitigating factors.
“They still kick our ass in profits and Emmy’s, but we are making progress,” Hastings acknowledges.
More specifically, that’s over half a billion dollars in profit last quarter for HBO, versus Netflix’s slightly more than $70 million.
The “Silicon Valley” reference in Hastings’ post is the HBO comedy series of that name, which skewered the physical and cultural landscape where Netflix lives.
Netflix is the poster child for the “over-the-top” or web-based video providers, while HBO is the poster child for the Pay TV establishment. Still, the two are becoming more alike as Netflix produces more and more original programming and HBO looks for more ways to distribute its content online.
As Netflix head of content Ted Sarandos once quipped, “The goal is to become HBO faster than HBO can become us.”
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