Time Warner's (TWX) HBO signs a long-term movie deal with Universal Pictures for a price...

|About: Time Warner Inc. (TWX)|By:, SA News Editor

Time Warner's (TWX) HBO signs a long-term movie deal with Universal Pictures for a price reported to be close to $200M. The deal is important because it gives the premium network a content edge over streaming services from Netflix and Amazon, although it remains to be determined if HBO can maintain its market share at current subscriber pricing levels. Despite acclaimed original programming, close to 84% of HBO's viewership is still focused on theatrical releases.