UPDATE: CBS Chief Says More Companies Will Challenge Netflix For Digital Streaming

UPDATE, 2:55 PM: CEO Les Moonves sure loves drama. Although sitcoms traditionally make the big bucks when they go into syndication, “dramas now are a better value proposition for us than comedies,” the CBS chief told analysts in a conference call. “All dramas pretty much score big internationally.” They’re also popular on streaming services such as Netflix. Indeed, the service can act as a fail-safe mechanism: When CBS takes one of the shows it produces off the air “which has a good chance of happening,” then it automatically goes on Netflix. “We are primarily a drama place, and that’s worked out just fine for us.” Moonves says he’s also open to producing shows specifically for online services. “We have a lot of premium content that is not scripted fictional content,” he says. “It’s something we want to do more down the line.” The problem is that “we haven’t seen the model” to make the productions lucrative. “We’re working on that.” The financial calculations could change as additional companies offer streaming services. Moonves says CBS has been talking to Intel, Comcast, and “everyone who’s out there…There are a lot of players out there circling (more…)

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