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A cable-free HBO could be Netflix’s worst nightmare

HBO made big news this morning when it announced that it will begin offering an HBO Go subscription that doesn’t require the customer to also have cable. Netflix stock dropped 3 percent after HBO’s announcement, and that makes a lot of sense after hearing Time Warner and HBO executives lay out their plans for streaming-only programming and talk about their stance on net neutrality. In both areas, the news for Netflix was not good.

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