CBS, Verizon Ink Local VOD Deal20 Mar, 2006 By: Erik Gruenwedel
CBS Corp. and Verizon Communications March 20 announced a license agreement for the analog, digital, multicast and high-definition rights to repurposed content from the CBS network and its owned-and-operated local television stations.
The rights, which include video-on-demand, allow Verizon to offer high-profile programming such as “CSI,” “NCIS” and “Survivor” on its nascent Internet-based subscription service, FiOS TV.
The service includes a set-top box, is available in select states and is available monthly from $34.95 to $199.95, depending on connection speed.
“This deal expands the market for both Verizon and CBS,” said Ivan Seidenberg, Verizon chairman and CEO. “For us, it means we can offer our customers … content provided by the CBS Television Network. For CBS, it means they can … reach their customers in innovative ways.”