Later this year, Network Ten owner CBS will bring CBS All Access to Australia.
CBS‘s Leslie Moonves announced the expansion to investors at the US network and studio’s first quarter results yesterday in New York.
“Central to our success is the rapid expansion of our direct-to-consumer streaming services led by CBS All Access and Showtime OTT [over-the-top],” said Moonves.
“Some of our key competitors are just now entering the space, and we are already nearly two thirds of the way to our goal of eight million subs between these platforms by 2020. Plus, by going over the top, we’re achieving higher rates per sub than any other form of distribution, which means these services are becoming more meaningful to our bottom line all the time. And of course, they’re attracting a younger audience as well.
“By year’s end, we plan to bring All Access to Australia using our acquisition of Network Ten as a gateway to launch in that market. After that, we’ll add more and more markets every year, leading to tremendous upside to our overall direct-to-consumer strategy. And importantly, these international subs are incremental to our 2020 target that I just mentioned.”
Star Trek: Discovery is being aired on Netflix in Australia and there are no plans to change that.
Source: Financial Review