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Netflix Grows While Premium Cable Channel Subscriptions Drop

An HBO exec reading this. (Photo: HBO)

HBO is soon going to have a bigger breakdown than Amy Jellicoe: a new study reveals that consumers are spending their money on streaming video on-demand services (like Netflix and Hulu Plus) and getting rid of their subscriptions to premium cable movie channels, reports Variety

In the past 18 months, total U.S. households that subscribe to Netflix and similar services increased four percentage points to 27 percent. However, during the same time, the number of households who shelled out roughly $10 a month for the pay movie channels dropped six points to 32 percent. Read More