HBO Promises 600 Hours of New Original Content — Should Netflix Inc. Be Worried?
At a recent conference, Time Warner CEO Jeff Bewkes said HBO would add 50% more original content this year, enough for 600 hours. Bewkes did not say by how much the budget would increase, but the company allocated about $2 billion for total programming last year, about half of which went to originals. Netflix, meanwhile, has a total content budget of $6 billion, though it’s unclear how much of that is devoted to original programming. – Jeremy Bowman, The Motley Fool http://ift.tt/1RgrvMW