CBS and Viacom have entered into a definitive agreement to combine in an all-stock merger, creating a combined company with more than $28 billion in revenues.
CBS Corp is close to making an offer for its sister company Viacom Inc.
For the first time ever, Apple is going outside the walled garden by offering its new streaming service to smart TVs from Samsung and others as well as to Roku and Amazon Fire TV.
A number of American media and technology companies, in collaboration with US smart TV company Vizio, have formed a consortium dedicated to the development and deployment of a new, open standard for addressable advertising on connected TVs.
CBS has launched ET Live, a free 24/7 direct-to-consumer streaming network dedicated to all things entertainment. It is the third ‘free’ OTT service from the broadcaster, along CBSN (news) and CBS Sports HQ.
CBS Corporation has reached a settlement agreement with National Amusements, members of the CBS Board of Directors, and related parties, that results in the departure of chairman and CEO Les Moonves and the settlement of disputes about control of the company.
Speaking to investors, CBS CEO Leslie Moonves said the company continued to “surpass expectations” for its digital subscriber base.
CBS plans to launch CBSN Local, a portfolio of 24/7 direct-to-consumer services that will stream anchored news coverage and live breaking news events from major markets served by CBS stations.
CBS has raised the stakes in its ongoing power struggle with the Redstone family as it tries to prevent a forced merger with Viacom.
Last year, the two CBS OTT services reached almost five million subscribers, reaching the target originally set for 2020.