HBO Max Is Here to Take On Netflix. Is It Too Late?

ATT, the parent company of HBO since 2018, plans to spend more than $4.5 billion on the project over the next few years. The company hopes to have 50 million HBO Max subscribers by 2025 and envisions that the service will eventually generate billions in annual profits as it takes on Netflix, Disney Plus, Amazon Prime Video, Hulu, Apple TV Plus and Peacock, among others, in the increasingly crowded field of online entertainment.

Article source: https://www.nytimes.com/2020/05/26/business/media/hbo-max-netflix-streaming.html