CBS’ Digital Streaming Helps Boost Entertainment Revenue

CBS

CBS’ entertainment revenues were up 10 percent in Q2, with much of the credit going to an April licensing deal for streaming video with Netflix (NSDQ: NFLX) (though it was not mentioned by name in the release), which came before last month’s deal with Amazon (NSDQ: AMZN) in a similar arrangement covering CBS’ library titles.

Higher retrans dollars and primetime ad growth were also highlighted as the cable networks segment, which includes Showtime and the CBS (NYSE: CBS) Sports Network, saw revenues gain 12 percent. About the only poor performer was publishing unit Simon & Schuster, which slipped 3.2 percent as the sale of more profitable digital content was offset by lower print book sales.

As per usual, CBS’ quarterly releases do not break out revenues for CBS Interactive and display advertising, though there should be some specifics on the call.

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