As technology advances, more and more households rely on streaming services rather than a cable television plan. This has spawned the success for multiple platforms such as Netflix, Hulu and the recently announced HBO Now.
Now, Showtime is joining the party.
At the Deutsche Bank Media, Internet and Telecom investor conference in Palm Beach, Fla., on Wednesday, CBS Corp. Chief Leslie Moonves said that the network will have its own streaming subscription "in the not too distant future," according to Variety.
"Clearly the bundle is changing," he said about cable subscriptions. "The days of the 500-channel universe are over. The days of the 150-channel universe in the home are not necessarily over but they're changing rapidly. People are slicing it and dicing it in different ways."
His announcement comes the same week that HBO announced its streaming app, HBO Now, at Apple's event for its new MacBook and other gadgets.
"I don't see how anybody cannot view this as a positive for HBO and a positive for Showtime," Moonves said.
As far as potential problems regarding CBS's ratings, he noted that "we are very different from the other three guys that have a lot of cable properties behind them. Our major brands are CBS and Showtime... you can't live without CBS."
