HBO (Home Box Office) is an American premium cable television network, owned by Time Warner, under the operating subsidiary Home Box Office Inc. As of January 2012, HBO's programming reaches 29 million subscribers in the United States, making it the second largest premium network in the United States (Encore's programming reaches 33.2 million subscribers as of March 2012). In addition to its U.S. subscriber base, HBO also broadcasts in at least 151 countries worldwide.
HBO's programming consists primarily of theatrically released motion pictures and original series, along with made-for-cable movies and documentaries, boxing matches, and occasional stand-up comedy and concert specials.
The HBO pay service consists of seven multiplex channels and a video on demand service (HBO On Demand). HBO also packages the Eastern and Pacific feeds of the main channel together, allowing viewers a second chance to watch the same movie/program three hours later/earlier — depending on their geographic location. However, some cable systems only offer the main channel (and in some cases, HBO2) in this manner. However, it does not allow most NC-17 rated films.
HBO: The flagship service; it airs popular feature films, first-run films, boxing events and sports specials, original movies, original series, comedy specials and documentaries; also typically debuts new movies on Saturday nights. The main HBO channel will only air R-rated films and TV-MA rated programming after 8 p.m. ET/PT, but does air PG-13 rated films during the daytime hours, and a minimal amount of TV-MA rated programming has aired during the daytime hours on weekends.
HBO2: Secondary channel, which features more movies, series, specials and original movies. HBO2 airs R-rated films during the day, unlike the main HBO channel. Launched in 1991, the channel was renamed HBO Plus in 1998, before reverting back to the HBO2 name in 2001. In Brazil and Latin America, a local version of HBO 2 repeats all the movies that original HBO channel plays, and HBO Plus functions as a separate channel.An intriguing taste of the compelling HBO drama series 'True Detective' starring Woody Harrelson and Matthew McConaughey.
HBO Comedy: Features less-serious films and series, as well as rebroadcasts of HBO original comedy series and specials; airs R-rated films during the day, but only broadcasts adult comedy specials at night.
HBO Family: Features movies and series aimed at a younger audience, as well as films for the whole family; airs series aimed at preschoolers during the morning hours; with specials and G, PG and PG-13 rated films starting at or after 12:30 p.m. ET/PT. .In each case studied, economists gain insight not only on the behavior of athletes and coaches, but also on more general economic problems. The behavior of runners is analogous to that of bidders for a government contract: a bidder will expend more effort—lobbying and the like—the fewer competitors it has for a contract. Coaching a team is analogous to managing a company: within a company, managers "arbitrage" tasks among employees.
Analyzing sporting events, moreover, provides insights into the workings of all competition within well-defined rules—just as we see in our economy. Incentives and constraints are spelled out clearly; players behave as rational economic actors; sporting events and seasons can be seen as the operation of miniature economies—and so on. One of the first sportometrics analyses done (see McCormick and Tollison) showed, for example, that basketball players respond rationally when an additional monitor (referee) of their behavior is on the court. Using data on the Atlantic Coast Conference Basketball Tournament, the study found that, other things being equal, adding one referee reduced the number of fouls per game by about seventeen, a reduction of 34 percent! A more general application of this research is to the issue of how we can reduce the number of crimes by adding additional police.
Most economic analysis is based on the idea that when the incentive to do something increases, people will do more of it. Kenneth Lehn, formerly chief economist at the Securities and Exchange Commission, showed that this idea applies even to the amount of time baseball players spend on the disabled list. After players were signed to multiyear, guaranteed contracts with no extra pay for each game played, their incentive to play diminished. Sure enough, Lehn found that the amount of time players spent on the disabled list increased from 4.7 days in the precontract period to 14.4 days after—an increase of 206 percent.HBO Latino: A Spanish-language version of HBO for Spanish-speaking audiences, simulcasting much of the same programming seen on the main channel. This channel airs HBO productions, including original series dubbed in Spanish, as well as Hollywood blockbusters and Spanish-language films. Also airs boxing events, including the original boxing series Boxeo De Oro.
HBO Signature: Features high quality films, HBO original series and specials; the channel was originally known as "HBO 3" from its 1991 launch until 1998, when the format changed completely from the similarities to HBO and HBO2 to movies, shows and specials targeted at a female audience.
HBO Zone: This channel airs movies and HBO original programming aimed at the 18-35-year-old demographic. Also broadcasts adult-oriented programming at night, similar to those on Cinemax's Max After Dark block, the only HBO channel that does so.