Company Overview of Home Box Office, Inc.
Home Box Office, Inc. operates as a television company. The company offers programs that include series, sports, documentaries, comedy, and movies. It allows viewers to stream episodes and programs on computers, mobile devices, tablets, streaming players, game consoles, and connect televisions. The company also sells collectibles, T-shirts and hoodies, mugs, glasses, accessories, DVDs, gift cards, and others online. In addition, it develops and markets officially licensed merchandise for retail sale. It licenses various categories of merchandise, including apparel, publishing, housewares, interactive games, electronics, paper goods, gifts and novelties, collectibles, toys and games, sporting...
1100 Avenue of the Americas
New York, NY 10036
Founded in 1972
Key Executives for Home Box Office, Inc.
Chief Executive Officer of Hbo Asia
President of the U.S. Network Group
President of Entertainment Division
Senior Vice President of Miniseries
Compensation as of Fiscal Year 2015.
Home Box Office, Inc. Key Developments
Federal Jury Dismisses Defamation Suit against HBO
May 12 15
HBO won the dismissal of a defamation lawsuit filed by Mitre Sports International in 2008. The company applauded the verdict by a federal jury and said the case lacked merit. Mitre Sports International had reportedly claimed that a 2008 segment of "Real Sports With Bryant Gumbel" allegedly misled viewers by running a report that showed "low-paid, underage" children in India sewing soccer balls for Mitre Sports.
HBO, Showtime, AT&T Inc., Comcast Corp. and DIRECTV Face Suits over Mayweather/Pacquiao Fight
May 8 15
The parties involved in the May 2, 2015, boxing match between Manny Pacquiao and Floyd Mayweather Jr. are facing as many as five lawsuits. One such lawsuit was filed against the boxers, their promoters, HBO, Showtime, AT&T Inc., Comcast Corp. and DIRECTV. The suit, which seeks class action status, was filed following Pacquiao's recent disclosure about a shoulder injury he suffered while preparing for the fight. The plaintiffs reportedly claimed that the parties involved in the boxing event would not have earned as much pay-per-view revenues as they got had they disclosed information about the injury before the match.
Home Box Office Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2015
Apr 29 15
Home Box Office announced unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company’s revenues grew 4% ($59 million) to $1.4 billion, reflecting increases of 4% ($49 million) in Subscription revenues and 5% ($10 million) in Content and other revenues. Subscription revenues increased primarily due to higher domestic rates, partially offset by the transfer to Turner of the operation of HBO's basic cable network in India. The increase in Content and other revenues reflected higher home entertainment revenues and higher international licensing revenues. Adjusted Operating Income declined 1% ($6 million) to $458 million, as higher revenues were more than offset by higher programming, distribution and marketing costs. Operating Income decreased 1% ($6 million) to $458 million.
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May 29, 2015