HBO cuts the cord:

What is HBO?

• HBO is a television network founded in 1972
• It is available though cable and satellite

Main Information

• Time Warner will be challenging Netflix in 2015
• HBO will be offered as a stand-alone TV option
• The news was given by HBO executive Richard Plepler

HBO vs Netflix

• This deal could negatively affect Netflix
• On the day of the announcement, Netflix's shares were down 3.4%
• As Netflix's shares were dropping, Time Warner's shares were up 2.5%

Comments from HBO

• Richard Pleper noted that the service would begin in 2015
• He proposed the service would make "hundreds of millions in revenue."
• He used HBO's "Game of Thrones" as an example of their success
• He called this the most exciting event in the recent history of HBO.

Predictions for the Future

• The CEO of Time Warner, Jeff Bewkes, made a prediction for TWC's shares
• He said the company expects earnings per share of $6 in 2016 and $8 in 2018