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But according to Time Warner, most of those subscriber gains for HBO and Cinemax in the U.S. were not ârevenue-producing,â meaning the pay-TV affiliates kept 100% of the fees from subscribers for those services. As of the third quarter, HBO had 29.2 million U.S subs and Cinemax had 13.6 million, according to SNL Kagan.
Today it reported 2.23 million new US subscribers, much better than the 1.85 million that analysts had projected. But next quarter it expects to add just 500,000 new customers in the US. The chart below shows the dramatic dropoff in Netflix subscriber growth if the projections for next quarter hold true.