CBS credited its direct-to-consumer streaming services in helping it achieve double-digit revenue growth and record quarterly revenues in Q1, along with the gains that came from hosting Super Bowl LIII and those from affiliate revenue. The network said its over-the-top service for cord cutters, CBS All Access, combined with Showtime’s direct-consumer subscriptions, grew 71% year-over-year — its biggest quarter of growth ever.
Both services are continuing to grow in Q2, as well, thanks to “The Twilight Zone” on CBS All Access and “Billions” on Showtime, the company noted.
In addition, CBS is benefiting from other streamers’ needs for content. It spoke of gains from increasing sales of its content to providers like Amazon, Apple and Netflix, for example. The latter has just debuted “Dead to Me,” from CBS Television Studios, on its service. And CBS is producing “Diary of a Female President” for the Disney+ streaming service, which begins … Read the rest