ViacomCBS to launch new streaming platform: source

[Eugene]

Source: Reuters

TECHNOLOGY NEWS FEBRUARY 6, 2020 / 6:33 PM / UPDATED AN HOUR AGO

ViacomCBS to launch new streaming platform: source

Kenneth Li
3 MIN READ

(Reuters) - ViacomCBS Inc is preparing to launch a subscription streaming video service that will combine the free and paid services of CBS, programming from brands including MTV, Nickelodeon, Comedy Central and BET as well as films from the Paramount movies studio, a source familiar with the matter said.

The yet-unnamed new service is expected to build on top of CBS All-Access and include live and on-demand news sports and entertainment spanning the portfolio of its brands. Blockbuster franchises from the Paramount library, such as “Top Gun”, “Mission Impossible”, “The Godfather” and “Star Trek”, are eventually expected to be available on the service.

A higher-priced, premium version of the service will include Showtime shows.

The company is not expected to plow the multi-billions of dollars of new investment into the service, the source said. Instead it will build from the existing properties.

It is not clear when it will launch.

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Read more: https://www.reuters.com/article/us-viacomcbs-streaming/viacomcbs-to-launch-new-streaming-platform-source-idUSKBN200322

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