While CBS posted mixed third-quarter results, the company’s acting CEO, Joe Ianniello, delivered a sports surprise during a conference call with Wall Street analysts. CBS has won the rights t…
The deal brings “exclusive, live, marquee sports” to All Access for the first time, Ianniello noted. The service currently streams NFL games, but CBS shares football“Soccer fans know these rights represent some of the most prestigious and popular soccer tournaments in the world, so we couldn’t be more pleased that we’ve won this hotly contested process,” Iannniello said. ESPN, NBCUniversal and Fox were all reportedly part of the bidding.
Liverpool holds the current Champions League title, having beaten Tottenham Hotspur in an all-English final last summer.recently reported CBS and Univision were paying a combined $150 million a year. CBS Sports did not immediately respond to a request for additional details. The soccer win anchored Ianniello’s broader comments on the earnings call detailing expanding investment by CBS in streaming and programming in general. The spending has gradually ramped up and correlates with returns, he said. CBS did not provide an update on streaming subscribers during the call but has projected it will reach 25 million subscribers for both All Access and Showtime by 2022.
The CBS broadcast network is off to “another great start,” airing five of television’s eight top-rated new series. “We will benefit from all five series into the future,” Ianniello said, and CBS owns four of the five.
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