CBS chief confirms Showtime OTT service in the works
DetailsMichelle Clancy | 12 March 2015
CBS has confirmed that Showtime will follow its rival premium network HBO in launching an over-the-top (OTT) streaming subscription service.
The launch will happen "in the not too distant future," according to CEO Leslie Moonves, who said that distribution talks were underway.
"We've been having discussions with the normal suspects," Moonves said, speaking at the Deutsche Bank Media, Internet and Telecom investor conference. "I think the floodgates are now open."
The comments follow HBO's formal announcement on Tuesday of the planned HBO Now standalone service, which will launch first on Apple TV.
Moonves also said that while traditional pay-TV partners seemed less than enthused with the developments, the time was ripe to embrace the digital model.
"Other than a little bit of consternation (from MVPDs), I don't see how anybody cannot view this as a positive for HBO and a positive for Showtime," Moonves said.