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Time Warner Inc.

HBO Now has 800,000 paying subscribers since April launch

HBO Now, the standalone online version of the premium TV channel, has gained about 800,000 paying subscribers since it launched in April, contributing significantly to the 2.7 million net new HBO customers last year.

The figure was revealed by HBO CEO Richard Plepler in a conference call following the release of parent Time Warner Inc.'s quarterly earnings results.

The gains didn't seem to wow investors, as Time Warner shares fell 3.5 percent to $61.02 in afternoon trading Wednesday.

Stifel analyst Benjamin Mogil said the 3.2 percent gain in HBO subscriber revenue was lower than the 4.7 percent rise that Wall Street expected.

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