> HBO’s direct-to-consumer subscriptions, which include HBO Now sign-ups through internet-based distributors like Amazon and DirecTV Now, have topped five million in the U.S.

> 5,000,000 * 12mo * $15

> $900,000,000

I'm sure not saying that is a sign they are not successful, but unless I'm missing something, $7.5B of those revenue are probably not related to their direct-to-customer subscriptions or internet streaming products. (I'm not sure what kind of gatekeeping I am engaging in here, but it would be interesting to know what HBO's actual sales numbers are wrt every particular mode of distribution channel.)

Yeah they're getting something from every Comcast subscriber that ostensibly pays $10 for the cheapest TV package or better that bundles HBO, I just know that I'm not using my cable TV service at all, or HBO Go enough to warrant paying ${netflix_subscription} many dollars direct to them and I'd probably cancel it today, if it wouldn't ultimately end up costing me something for the trouble in the long run.