VIACOM PLANNING TO LAUNCH STREAMING SERVICE

Viacom, owners of networks like Comedy Central. Nickelodeon, and MTV, is preparing to launch its own streaming service in fall 2018. This shouldn’t be a surprise as more content producers look for ways to get a piece of the streaming pie. Viacom had hinted about its plans in streaming before, but it shared a few more details on the call about what the service will include. The company, which owns cable TV channels like MTV and Comedy Central, already licenses some of its content to other streaming services like Sling TV and DirecTV Now, as well as newcomer Philo (which it’s invested in.)

Notable Quotes: “It’s going to be rolled out in the U.S., in terms of the amount of content that it’s going to have, it’s going to have tens of thousands of hours of content that cut across the library we have on a global basis. And it’s important to note one of the reasons that we are able to do this is that we’ve chosen to curtail the amount of content that we license into third-party B2C experiences.” – Viacom CFO Wade Davis

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