Bloomberg News

CBS to Provide Library of TV Shows to Hulu Plus

November 05, 2012

CBS to Provide Library of TV Shows to Hulu Plus Paid Service

CBS Corp. , owner of the most-watched TV network, reached an agreement to supply its catalog of reruns to Hulu’s paid online video service, opening a new revenue source for the broadcaster. Photographer: Jonathan Alcorn/Bloomberg

CBS Corp. (CBS:US), owner of the most-watched TV network, reached an agreement to supply its catalog of reruns to Hulu’s paid online video service, opening a new revenue source for the broadcaster.

CBS shows including “Medium” and “Numb3rs” will begin appearing on Hulu Plus in January, the companies said today in a statement. Financial terms of the non-exclusive agreement weren’t disclosed.

With CBS, Hulu will have access to programming from the four biggest U.S. broadcast TV networks. The Los Angeles-based website, owned by Walt Disney Co. (DIS:US)’s ABC, Comcast Corp. (CMCSA:US)’s NBC and News Corp.’s Fox, also will rotate a selection of CBS shows on its free, advertising-supported service, the companies said.

Hulu already receives CBS-owned programs produced for The CW and for its online subscription service in Japan.

CBS, controlled by Sumner Redstone, gained 2.4 percent to $34.01 at the close in New York. The stock has climbed 25 percent this year.

To contact the reporter on this story: Andy Fixmer in Los Angeles at afixmer@bloomberg.net

To contact the editor responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net


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Companies Mentioned

  • CBS
    (CBS Corp)
    • $57.71 USD
    • -0.02
    • -0.03%
  • DIS
    (Walt Disney Co/The)
    • $87.15 USD
    • 0.92
    • 1.06%
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