CBS, which just renewed Jordan Peele’s buzzy reboot of The Twilight Zone for its CBS All Access service, said premium direct-to-consumer subscribers surged 71% in the first quarter. The numbers reflect both CBS All Access and Showtime's OTT service and CBS did not break them out. CBS launched CBS All Access in 2014 and Showtime’s OTT service the following year and they’re a centerpiece of the media conglomerate’s growth strategy. The focus on content will assure CBS a seat on the “rocket ship” of the digital video future, Ianniello said. Net earnings surged to $1.58 billion from $511 million on a one-time tax benefit but were flat on an adjusted basis.

Source: Forbes May 02, 2019 21:56 UTC