ViacomCBS to launch new streaming platform: CNBC

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ViacomCBS headquarters is pictured in New York, New York, U.S. December 5, 2019. Information/Kate Munsch

(Information) – ViacomCBS is engaged on a streaming service that may construct on CBS All Entry, CNBC reported on Thursday, citing individuals aware of the matter.

ViacomCBS executives haven’t made a agency choice, however are contemplating a service with commercials that may mix CBS All Entry with Viacom’s channels equivalent to Nickelodeon, MTV, Comedy Central and Paramount Footage, the report added.

The corporate didn’t instantly reply to Information’ request for remark.

ViacomCBS will change into the most recent media firm to throw its hat within the streaming ring after the launch of streaming providers by Apple Inc and Walt Disney Co in November.

CBS and Viacom accomplished their merger in December, reuniting media mogul Sumner Redstone’s U.S. leisure empire.

Reporting by Neha Malara in Bengaluru; Modifying by Shinjini Ganguli