Viacom says its streaming service will launch this year


Yesterday, Viacom CFO Wade Davis said during an earnings call that the company is planning to launch its own streaming service this year, TechCrunch reports. Davis said that while withholding much of its content from other streaming services has reduced the revenue it could have collected, it also allowed the company to go forward with its own service. "In terms of the amount of content that it's going to have, it's going to have tens of thousands of hours of content that cut across the library we have on a global basis," said Davis. "And it's important to note one of the reasons that we are able to do this is that we've chosen to curtail the amount of content that we license into third-party [business to consumer] experiences."

There's no word yet on exactly what will make up that tens of thousands of hours of content, but Davis said, "You should assume that we are really putting all of Viacom's assets against this." Viacom's holdings include MTV, Comedy Central, BET, Nickelodeon and CMT. There have been multiple reports that Viacom is considering a merger with CBS, and while it's not at all certain the merger will actually happen, it would be interesting to see what would happen to Viacom's ad-supported streaming service and CBS' All Access subscription service if it did.

Viacom plans to launch its service by September and says it won't be intended for cord cutters. Instead, Viacom sees it as more of a complement to a cable TV subscription.

Via: TechCrunch

Source: Seeking Alpha

via Engadget RSS Feed "http://ift.tt/2Bm7Gan"

Comments

Post a Comment

Popular posts from this blog

Evernote cuts staff as user growth stalls

Image
Note-taking app Evernote has fallen on hard times of late, culminating in its latest spate of job cuts impacting 15 percent of its workforce (54 employees). CEO Chris O' Neil -- an ex-Googler who took the reins in 2015 -- announced the firings at an all-hands meeting earlier today, reports TechCrunch . In a message on the Evernote blog , O' Neill admitted he'd set "incredibly aggressive goals" for the company in 2018. He continued: "Going forward, we are streamlining certain functions, like sales, so we can continue to speed up and scale others, like product development and engineering." The layoffs follow an exec exodus just weeks ago and the company's recent brand refresh (complete with a refined logo and wordmark). But critics are more concerned about its product, especially the free tier, which they claim lacks the perks to...
Read more

The best air conditioner

Image
By Liam McCabe This post was done in partnership with Wirecutter . When readers choose to buy Wirecutter's independently chosen editorial picks, it may earn affiliate commissions that support its work. Read the full article here . After six summers of researching, testing, and recommending window air conditioners, we've learned that quiet and affordable ACs make most people the happiest—and we think the LG LW8016ER will fit the bill in most rooms. This 8,000 Btu unit cools as efficiently and effectively as any model with an equal Btu rating, and runs at a lower volume and deeper pitch than others at this price. Little extra features like a fresh-air vent, two-axis fan blades, and a removable drain plug help set it apart, too. The LG LW8016ER is a top choice for an office or den, and some people will find it quiet enough for a bedroom, too. If our main pic...
Read more

We won't see a 'universal' vape oil cartridge anytime soon

Image
Pre-loaded cartridges of cannabis concentrate are currently among the most popular means of consumption, and for good reason. They're discreet to use and easy to handle, a far cry from the dark days of 2016 when we had to dribble hash oil or load wax into narrow-mouthed vape pens by hand. But, frustratingly, an ever increasing number of oil cartridge manufacturers employ one-off design standards so that their products won't work with those of their competitors, thereby locking customers into proprietary ecosystems. We've already seen this with nicotine vaporizers -- which has a seen a massive rise in "pod systems" in the last few years, each outfitted with a unique canister and battery built to be incompatible with those of their competition. Is it too late for the burgeoning cannabis industry to set a universal standard for their product designs? ...
Read more