“We’re not going to show games,” Moonves said, adding that the company is happy with its current sports-rights packages for the NFL, the NCAA men’s basketball tournament, golf, and SEC football. “We’re virtually making money on every single one of them, except maybe ‘Thursday Night Football,’ which isn’t doing so well, but hopefully that changes. The sports rights business has gotten a little out of hand. A lot of packages out there are losing money.” The new sports-branded streaming service, which will be free and ad-supported, “will be more informational, more scores and highlights … but it will not be something you’ll watch a football game on.”
Many had hoped that CBS would stream events that air on CBS free on their new streaming service. CBS already streams on the CBS website. For now though it looks like CBS will be focusing on being more of a highlight and sports news site rather than a service that covers sports events.
Source: Variety
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