Today CBS Corporation announced their first-quarter earnings results for 2019, which included a follow-up conference call with the investment press. On the call, the acting CEO of CBS talked up the planned international expansion of CBS Access and also noted how the Picard show will appeal overseas.
Discovery Season 2 helps deliver the best quarter yet for All AccessActing CEO Joe Ianniello talked up the continued growth of CBS All Access, home of Star Trek on TV, saying that the first quarter of the year saw a jump of 71% in subscriptions. He used the growth of All Access as an example of how the company’s investment in programming is paying off:
The driving force behind our direct-to-consumer services and our entire company is our premium must-have content and we continue to increase our output. This year we are on track to invest more than $8 billion in programming…the benefits of this content-driven strategy were on full display at CBS All Access in the first quarter. Season 2 of Star Trek: Discovery started in January, and the return of The Good Fight dropped in March. Add to that Super Bowl LIII and March Madness and CBS All Access had its biggest quarter of sub[scription] growth ever. The momentum continues here into Q2 with the The Twilight Zone, which was the most watched original premeire on CBS All Access and which we just renewed for a second season.
Earlier this year CBS already said they passed their goal of 8 million subscribers (split evenly between CBS All Access and Showtime) and the acting CEO said the latest quarter has the more optimistic about the future, noting: [Read More]
Published @ May 2, 2019