Latest in Entertainment

Image credit: Comedy Central

Viacom's new boss nixes streaming services scheme

CEO pledges to reserve new episodes of popular shows for pay TV customers.
Rob LeFebvre, @roblef
02.09.17 in AV
675 Shares
Share
Tweet
Share
Save

Sponsored Links

Comedy Central

If you were hoping to see current Daily Show episodes on Hulu, you're likely out of luck in the short run. Viacom's new CEO, Bob Bakish, explained the company's new strategy in an earnings call Thursday, saying that he wants to "reinforce the value of the pay TV ecosystem."

This means that Viacom will only offer new stuff to established pay TV providers while continuing to release older content to places like Amazon, Netflix or Hulu. It's not an unexpected move, either; other companies like 21st Century Fox do the same. PlayStation Vue, a console-based streaming service, has already dropped Viacom channels from its roster.

Bakish's strategy to save a struggling Viacom relies heavily on an older model with pay TV providers like Comcast, Dish Network or Cox at the top. His words during the call were more reassurance that Viacom won't compete with the traditional pay TV companies by offering new shows via streaming. That should keep cable companies happy which rely on original and timely shows to attract customers as ever. It also helps Viacom's bottom line: cable companies already pay more than Hulu or SlingTV.

The move comes as pay TV continues to bleed subscribers and seeks to staunch the flow with odd partnerships like SlingTV joining Comcast. As broadband pushes into more US homes, cutting the cord is almost mainstream.

Hopefully, this is only a short-term solution, and cord-cutters can continue to watch new episodes of The Daily Show without a cable subscription.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
675 Shares
Share
Tweet
Share
Save

Popular on Engadget

The 2019 Engadget Holiday Gift Guide

The 2019 Engadget Holiday Gift Guide

View
Intel unveils its first chips built for AI in the cloud

Intel unveils its first chips built for AI in the cloud

View
Disney+ cuts off 'Simpsons' jokes with widescreen episodes

Disney+ cuts off 'Simpsons' jokes with widescreen episodes

View
Apple may reveal its 16-inch MacBook Pro tomorrow

Apple may reveal its 16-inch MacBook Pro tomorrow

View
Elon Musk: Berlin 'gigafactory' will build Teslas starting with the Model Y

Elon Musk: Berlin 'gigafactory' will build Teslas starting with the Model Y

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr