☕䌧㉴匕
䆕 ₓ О 䐙 О ঐ ν Ϥ ա 咙 k ⦗
ϋ ⡘ ɖ ဓ 〓 d и ژ 杹 ɰ 㒂 ㌑
Ό ⡐ ⢑ ɤ ɓ ɽ ☕ f
ऎ 㑰 І 䉗 䐘 䍤 ⤉ 䢀 ४ ㍉
☕ ↗ d ਗ਼ 㑄 㑃 䐙 e ج e ‷ ϓ ᤩ
ᤀ ₂ Փ d ㅲ Զ и ژ 䍤 ʔ ึ ર 傂
㢈 ৷ f 䆕 ₓ Ӛ Ϟ 䐕 ѓ d ɦ ㉶ ≧
⦗ ↗ 䐘 ₐ Е ᤈ ̡ ᘥ ᙈ 䍘 ʔ 匷
㝖 ⁖ ˒ d ′ ⦗
ᚇ ᦙ 䦉 f ν ʦ
だ í ざ ৷ ϓ
ᤈ ุ ਕ 儤 ½
ɓ 䍔 ɚ ɷ ʞ ဓ
䆕 ₓ ί Ό ⡐ Ϟ
Ό 䆕 ⡐ ₓ ざ ℉ 䦆 ᘥ ㄐ อ 夑 ម d 㠢 Ϥ f ɗ
⦗ 䅧 ∖ ⡢ ๕ І 䠦 ึ ϓ Ì f 㔢
㒂 ㌑ อ Җ 䁐 䐘 㒙 f
㥁 㐔 䍤 ᘥ ᦀ ㌑ 〓 ژ / d ʔ 匷
␘ ≧ ° Җ ∁ d 䆕 ₓ ㄡ 㥳
¾q失Ό⡐Õ˒ঐ儵⚃Ν䑩L∁d㌕ و䉲Ϊㄡऊ̰fvੂБᚇ㆐"ν ᡦ䉩d⦗:ᡦ̴ա報ᙸᘥ%Ϊf
ጣ ᘥ 㑄 ช ɞ ɛ ⤈ °
ኈ ʘ ᔲ °
The OA
⤁ 䐘 㒙 Ϟ 䥠 䐕 ѓ d ɦ Ϟ ո ֛ 䑕
ج อ ᘱ
Sense 8
׳ ≧ ᤀ d Ν ≧ ᤀ 䑕 и ژ 䍤 ㄡ ʔ
ʦϋԸ䆕ₓᙈ䍘䄗ㄧ ᡦɽ䔳
ʦ ϋ ⢑ ɓ ֙ Е
Bright
ঐ 䑕 䔒 ژ 䍤 d だ อ ᘥ 䠦 ึ ϓ Ì
だ อ ৷ d ˚ ᜱ ̹ ℉ һ 㑄 㑃 ɻ
e 㢂 垀 ા f
嘙 呦 ҿ d ν ઞ ী 唙 ϥ 㝴 変 ᘥ
ɓ 䠆 ֙ f Ν ≧ 䆕 ₓ ɰ Ϟ һ ε ̤
ᥴ ɓ 㒙 d 䆕 ₓ ᝁ ɓ ϣ ㍑ 奠 ⡴ ᥴ
䘶 ᢇ i 㔢 ⤁ 䐘 㒙 失 奠 ⡴ ሦ 㑠 ̥
㐔 ½ 㐔 ⡇ d 䆕 ₓ ᝁ ʔ ਞ 䈢 ½ 㐔
ɻ ̵ e
H B O
㌱ 㔢 ⤁ ㄐ 夑 ₀
˖ μ
і ϋ ℠ ϋ ⦗ 䍤 㥇 ˏ ɚ ˜ ֵ ᤩ e ⁕ ʞ ˜ ` ᘥ 䆕 Չ ʦ ဓ і ₓ ʕ ϋ 㝖 ᡸ ˏ Έ ੭ ў ਗ਼ ɛ ᘥ ɓ 夹 Ը ɞ Ϟ 奠 ɷ ° ʔ ɤ ᥴ ᢂ 㝖 ˇ 〓 ɖ f ᤘ Τ ⅅ ဓ ˒ だ 〓 ̿ 奠 d ≁ ⡴ d 㥁 ⅅ ɖ 䘸 i d ν 䐘 だ ˂ ° ʦ ɓ ̘ f 䐘 The Cloverfield Paradox
䆕 ₓ ᘥ 㝧 ֛ З ɰ 䈢 ⡴ ʔ Ν f
ጤ ɛ ⤈ ϓ ɓ ℠
㐶 ̵ ɚ ٫ ⤘ ɓ 䁓 ɞ / ϋ ᘥ d
㍄ ⦗ Ը ᕄ ᡦ d f ̴ 䆕 ₓ ҷ ᙈ 墘 䍘 ऊ
Netflix
ᘥ ̡ d ¦ ɓ ϋ
৷ Ϟ ㄧ ϓ ̈ ɤ ᚇ ˒ ɞ ɻ ɚ ɤ ɤ ̵ ℀ ɞ ɓ 䍔 ɓ f ̒ ʦ Ĉ 䅨 d ϋ d f ν ᙵ ᡦ j ㄷ ʦ 䆕 ɽ Υ づ ᜴ ₓ 䔳 อ ሦ อ ¦ ̹ Ν ̨ ˜ 䈐 ᠡ ℉ ㈂ 䀸 ½ 䆕 ٫ ̥ 䄗
Disney
̙ 卉 Ϊ ᔥ Շ ɽ ㌲ ⡙ j ऎ 㑰 `
ɧ ဓ ɧ ɤ í
´
∁ e ˙ ᜅ ˒ f
Ϟ 䑤 ɤ 䍔 䙓 ∡ 㥁 䐘 ᘥ ̡
´
Ը 䆕 ₓ ɽ 㑰 㒂 ㌑ І 䉗 ` ∁ d
剨 ℉ 䦆 f /
Bloomberg
䆕 ₓ ɽ 䄗 î Ϊ ᡦ ɛ ৌ Շ ⚃ j
เ ˇ ♸
।䆕 ⥶ₓ ㄡ墘 ίざ J℉ 㑄䦆 ␠ㄐ 咙夑 ព P
G 䍔 ɛ ˜ J F 㐹 ˙ ᜅ d ̴ ̹ ℉ 傀 ❇ ɻ ̵
ਠุմ̊1595㈂2018.6
50
☕䌧㉴匕
ί ৌ ʕ ᙶ 2 Ң ℓ ਗ਼ ᡅ 坣 刈
ᤈ ਗ਼ Ї ˇ ᡦ ⁙ ɧ ɤ 䍔 f ̴
䉩 d Ϥ 刈 ᡦ ⁓ 失
䆕 ₓ ਠ ุ 〓 ژ î 䅳 ⥇ ᐡ ㆐
䉗 ऎ 㑰 ` ∁ d 䆕 ₓ ʦ ϋ ᘥ ⡒ ᚆ
Ш Ϥ 刈 ጠ ᚘ ㉶ E 䍘 f 2 ᔥ І
Դ 䆕 ₓ f
〕 ̙ ᘨ ટ ί 䊕 છ 䝤 א ` ᠒ ㌣ ό
剹 f ν ʦ ̹ ₆ ੬ ኈ ᘥ 㥁 㐔 d
㐔 ศ છ 䝤 ̙ ᘨ ટ Դ 䆕 ₓ ᡂ
⚅ ɚ 䆕 ₓ ɓ ̤ ɓ ɓ ϋ ㌲ ┐ ⡙ d ᡦ ̴ ˙ ㄡ ᜅ ន ̺ ˒ 㥁 f
䆕 ₓ ኖ ᘥ N ᡦ Ϥ 㢁 f
┐ ↗ ᘥ 䀨 夑 ุ ٫ Ϊ Ϥ ⥧ ⠣ Ӗ f
墘 æ ℓ ᘥ Դ ⤘ 䁓 d 䜐 吂 ⤘ 䁓
匷 失 ˒ һ ˙ ᜅ 㐹 Ց ᕃ Г d ҷ
ጥ ৵ 䊓 ㌱ 㥁 ɿ ਠ ਕ d ㄡ ᡦ ʔ
ѓ ৷ ㌁ 䙕 䐘 㒙 f
㉶ 䐕 ѓ 4 K 䐘 㒙 d ɓ 剹 䦙 䥵 ≧ ᥴ 䑤 ဓ 〓 ㉶ 䐕
㐔 һ ˙ ᜅ 匔 И ४ ㍉
䆕 ₓ ᜴ 失 ˒ 䦙
ᠡ ㌱ ㎅ ɨ 㑠 Ύ 坣 f
坦 䑤 ⡴ 㕣 䑤 ε ㄡ d / 奠 ㆐ ᥲ Ш d ⡴ 㜗 ⡴ ሦ f ̙ ε 〓 䆕 奠 䐘 䐘 ₓ f 㒙 㒙 䆕 ⤉ ̥ ᝁ ₓ 䢀 і ᡦ ` ᘥ ˏ 䉩 ∁ 奠 ˇ 䈑 d ᚇ ⡴ 㑰 ሩ 䆕 各 冀 奠 ϓ
ᦘ ⡙ / f ⦗ 㔢 䅧 ⤁ ∖ ㄐ ⡢ ɓ ɰ 〓 夑 Ӕ 䐘 㔤 ֛ 㒙 Σ ə ם呖 ⚈ ɓ ˙ ざ ᤵ ᘥ ɽ ဢ ㌲
䔒 ژ d だ อ ᘥ 䠦 ึ ϓ Ì ㄡ Э f
˒ ᘥ ʥ ᡦ 䆕 ₓ f
㠉 ̙ ৷ 嚑 䥵 ㌁ f 䙕 4 ᜱ K 劗 و ㌱ Ϟ Ì
І ਗ 䑕 ׳ d 剨 Ϟ
Ό 匥 ͂ f /
ɚ 匥 τ ͂ d ဢ ʔ ᡦ 䜐 ˇ 䑤 ㄱ ˕
ₓ ਠ ุ 䑶 ό ᡦ 䜐 ᠖ ε ɓ 匥 א
㐔 ᜱ d Ҝ ա 䐕 ѓ
ί त ֛ ≧ ᤀ ί 㥁
㔢 ⤁ 䐘 㒙 ⁓ 奠 ⡴
ə Դ ٫ ⤘ 䁓 f
⦗ ጤ ㌲ ⡙ ҷ 墘
ざ G ɛ λ փ ᘥ ਪ 呦 f
Ӗ 䐘 ̈ ॡ 偂 倖 ဓ 㐔 㢘 ɓ 䑩 j
㢘 d ̴ ঐ 嘡 吕 ဓ ๋ ᘥ ɻ ̵
Ѫ ᝲ 䐘 ∅ f
๋ ᘥ 䆕 ₓ 㖄 દ ɚ ɤ ɞ ๋ ᘥ ဓ 㐔
ᜉ 坶 偷 ৫ f 䆕 ₓ Ϊ Ϥ ৗ ̈ ʦ ϋ પ ̈ І Ϟ Е ᤈ 䐘 ₐ f 㜗 ≧ ɤ ¾
ϋ ᠡ ʑ ঐ ί 䆕 㢁 ᡸ d ᘥ ᡦ ┐ d ╘ Z ㅲ Զ ` ∁ ㍑ 䆕 ₓ d ጠ
⥳ ֛ d ਞ 剒 䐘 ί 偷 ৫ ₕ ᡤ ɧ 夑 f ɻ ̵ ㄡ ន ̺ ɚ
↗ 䙣 Ց 垇 ᕒ f ν ج ☕ Ѫ ᝲ 䐘 ∅
Ш Չ 䑶 ό ᙓ ֛ ਗ਼ 䘙 傀 ɓ 㔢 ɘ ⤁ ϋ ㄐ ´
㕃 k ⦗ ᡦ ⦗ อ e 吂 ㄐ 夑 ʘ 䞑
䆕 ₓ ν ʦ ㌲ ⡙ d ձ ̴ 㜗 ϋ ⠣
ձ ̴ ਂ J จ d ɰ 失 ̴ ί ᡶ ጤ ☕
䆕 ₓ ᡦ щ ਗ਼ һ ℉ 䦆 劗 嘓 ֛ 䘸 d
ₕ ᡤ d 〓 ʱ 、 呁 偷 ৫ Ϊ Ϥ ʔ 嘠 ɽ d ざ ᠡ ⠣ Ӗ 吂 䑶 ό ุ ٫ f
Չ І 䉗 㥁 䐘 ί 偷 ৫ 䈢 䆕 㢁 Ν ≧ 〄 䄖 ҷ 墘 ऊ 㐶 ٫ Դ ⤘ 䁓 ᠡ ѯ
Չ æ Е ᤈ 䐘 ₐ d
䆕ₓʦϋɽ唡ंdᙈ䍘� 80% 2018/5/31 351.6
B 400
ɻ̵ʦϋԸ ᙈ䍘ɨ㑑11.3%
300
⚅ 偂 倖 ׁ 㐔 ᘥ ̤ 嘙 䌰 Ӌ ʲ ɝ d
Ш ざ 䢀 㙅 ˙ ᜅ
Hulu
㔠
ש ̈ һ ε ⅅ だ 䍤 f /
{{
˒ ᥴ 䆕 ₓ 㝧 d ㄡ 㥳 ᥴ 㥁
Ted Sarandos
㐔 ɓ 䑩 历 も f / ˒ ʔ ซ ᥴ ̙
´
Ϥ ̮ d 䆕 ₓ
˒ ᤩ 偄 d
䦙 ≧ 嘑 દ d ɨ ϣ Ύ ᥴ ㄡ ⚅ ϣ
Bill Holmes
ʕ 匷 ⥒ 䑕 ┐ d ᥴ ҁ ɓ 㒙 ᠡ ɨ 㒙
200 100
2002/5/24 1.21
0
2002
2006
2010
2014
2018 ϋ
㡱≤Ը๕jGoogle Finance
21๋䆕ₓd ̹℉♸偖ဠɽ⅓ɻ̵eHBO 䆕ₓ
ɻ̵
HBO
ϓ§≧㒄
1997ϋ
1923ϋ
1972ϋ
̹℉* 䍔 B
1,565
1,481
735*
79.3
-11
2.5
37
145.5
17
2.9
29.4
4.9 儤ุлू
ʦϋԸ̹℉ ϓᚇ % 儤 * 䍔 B ⠧л* 䍔 B
ᙶЪ
䐘㒙4Ώ䈢˦ 䐘 㒙4 ␣ ㊀ 㥁䐘4ㄸʤ٫ ʘ䂘j堰¹㢕 ᠂7e4唡 冖㜩7e4ᡧ 偷7e4Г˙ 䌧ɽ䞑7 ɾɿ䅓䄸7 㙅䒀㕖7
㐕 j̹℉⁕䅷Ї ϋ ˜ ˚i)#0ᡈ,ú̡≧ ㎂␢ᘥ̹℉ 㐕 j儤 e⠧лᥣᤩ ϋ⢑ ֙䑤䞗 㡱≤Ը๕joú̡ৌ 䠆⡑jเˇ♸
ਠุմ̊1595㈂2018.6
52