CBS Corporation‘s profits for the second quarter have exceeded expectations, thanks to Star Trek Discovery.
CBS Corporation posted a 27.4 percent rise in quarterly profit.
“CBS All Access and Showtime OTT have surpassed two million subscribers, about evenly split,” said Chief Executive Leslie Moonves during the results call on Thursday. “That’s well ahead of where we’d thought we’d be this early in the game.
We’ve licensed our Star Trek franchise in the international marketplace, guaranteeing our new series will be profitable even before it launches and begins driving subs here in the U.S. and on CBS All Access. We greatly expanded our SVOD revenue for The CW ensuring its profitability for years to come.
Source: Business Insidervia Seeking Alpha
