Tag Archives: cbs

CBS CEO reveals Apple’s Internet TV ambitions

CBS (CBS) CEO Leslie Moonves on Wednesday spilled the beans on Apple ‘s (AAPL) widely rumored “skinny bundle” Internet TV service. Speaking at the Code conference in Rancho Palos Verdes, Calif., Moonves said Apple hopes to shake up the pay-TV business by offering a lower-cost service with a limited set of channels, USA Today reported. “Apple TV is trying to change the universe a little bit as did Sling, as did Sony. What Apple will offer … are a more select group (of channels) for a lower price,” Moonves said. It will compete with other Internet TV services like Dish Network ‘s (DISH) Sling TV and Sony’s (SNE) PlayStation Vue. CBS “probably” will do a deal with Apple on Apple TV, Moonves said. He met with Eddie Cue, Apple’s senior vice president of Internet software and services, just last week, Moonves said. Apple has yet to publicly…

CBS Sets Web-Only Showtime, Signs Hulu Content Deal

CBS’ (CBS) potential revenue from the launch of a Web-only version of Showtime and an online video deal with Hulu highlighted the TV network’s Q1 earnings conference call, as its relatively flat Q1 results beat estimates. CBS late Thursday said Q1 profit rose a penny to 78 cents while revenue fell 2% from the year-earlier quarter to $3.5 billion. Analysts had modeled sales of $3.44 billion and EPS of 75 cents. CBS stock, though, was down 1.5% in

Apple streaming video service a steppingstone to TV set

Apple (AAPL) is preparing to enter the over-the-top Internet television market this year with a multichannel subscription service that would provide an alternative to more expensive cable, satellite and telco TV services. The streaming video service will launch this fall with about 25 channels, including several broadcast networks, the Wall Street Journal reported late Monday. Apple’s service would be available on iOS devices including iPhones, iPads and the Apple TV set-top box. Apple’s service reportedly will include CBS (CBS), Fox (FOXA) and Walt Disney (DIS)-owned ABC broadcast networks. NBC is not part of the subscription programming bundle, but the Comcast (CMCSA)-owned network plans to offer a stand-alone streaming app for Apple TV later this year, 9to5Mac reported Tuesday. Apple is aiming to offer the service for $30 to $40 a month. It likely will announce the service in June and launch it in September, the Journal said. The news follows…