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This question is about HBO.
HBO makes money primarily through subscription fees. HBO, unlike many other cable channels, is not included in basic packages and is an add-on subscription for cable services. Typically, people pay around $15 a month for an HBO subscription.
HBO also has HBO Max, which is a streaming platform that features HBO content, as well as some other television shows and movies that HBO has the rights to. A huge part of HBO's revenue is creating content that makes people willing to pay for it. HBO spends lots of money on production so that they can have wildly successful shows that bring in fans.

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