Amazon will begin streaming some HBO shows to its premium customers next month, the companies said on Wednesday, in a move that could lure subscribers away from Netflix Inc, a company they both compete with.The companies said this was the first time HBO, the premium cable channel owned by Time Warner Inc, had licensed its programming to an online subscription streaming service. HBO shows are not available through Netflix.Netflix shares fell 4.9 percent to $354.54.HBO's top program, "Game of Thrones," and shows newer than three years old are not part of the deal. Older hit series "Sex and the City," "Entourage" and "Curb Your Enthusiasm" are also excluded because they are tied up in syndication deals on cable.
Netflix, Inc. is an Internet television network with more than 33 million members in over 40 countries. Shares of NFLX fell by 5.02% or $-18.71/share to $354.19. In the past year, the shares have traded as low as $204.02 and as high as $458.00. On average, 3327580 shares of NFLX exchange hands on a given day and today's volume is recorded at 3886584.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 1.39% or $0.9/share to $65.82. In the past year, the shares have traded as low as $55.71 and as high as $70.77. On average, 5843300 shares of TWX exchange hands on a given day and today's volume is recorded at 4114195.
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