Media conglomerate Viacom will launch its own streaming service in September, at the end of its fiscal year, according to CFO Wade Davis. The company is also planning a new app for Apple TV, which it acquired last year from Apple. Although Davis did not give away many details, he said the service would be more like a multi-channel video programming distributor than a cord-cutter.
Media conglomerate Viacom will launch its own streaming service in September, at the end of its fiscal year, according to CFO Wade Davis. During an earnings call, he said the US-only service would tap into "tens of thousands of hours of content", some of which had deliberately been held back from being shown on other partner platforms. Although Davis did not give away many details, he said the service would be more like a multi-channel video programming distributor than a cord-cutter.