Netflix to Pass HBO in Paid U.S. Subscribers

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Oct. 21 (Bloomberg) -- Netflix is poised to pass HBO in paid U.S. subscribers, showing CEO Reed Hastings is making progress toward a goal of transforming the streaming service to a Web-based television network. Betty Liu reports on today's "Movers & Shakers" on Bloomberg Television's "In The Loop." (Source: Bloomberg)

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Steve, thank you for joining us.

Always great to see you.

Thank you for joining us, steve.

Thank you.

? the media, moving and shaking at this hour, netflix ceo reed hastings says that hbo should look out because they are about to surpass hbo in terms of paid subscribers.

Netflix probably reach 30 million u.s. subscribers last month.

Hbo has another -- about one million less.

Another milestone in hastings and his attempts to turn netflix into a online television network.

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