CBS (CBS) has announced plans to create original shows for a number of digital outlets.
The network said it will expand by developing TV shows for online streaming services such as Netflix (NFLX), Amazon Prime (AMZN) and Hulu.
The network also discussed the potential acquisition of CNN, saying that it will not happen in the near future.
CBS stock is up about 3.8% Friday afternoon. NFLX stock is down 0.6% and AMZN stock is up 1.75%.
Article printed from InvestorPlace Media, https://investorplace.com/2014/08/cbs-netflix-hulu-amazon-prime-nflx/.