ViacomCBS Entering Crowded Streaming Marketplace


Phot Credit: Getty Images

Phot Credit: Getty Images

NEW YORK, NY -- ViacomCBS is planning to enter a crowded streaming marketplace. The company announced its service will build on CBS All Access and Viacom assets Pluto TV, Nickelodeon, BET, MTV, Comedy Central and Paramount Pictures.

ViacomCBS executives haven't decided on a name for the service, nor a price, but they said the base service will probably be less than 10 dollars a month.

The streaming marketplace is not without its share of challenges. YouTube TV is getting rid of Fox Regional Sports Networks.

The streaming service announced it couldn't reach a deal with Sinclair Broadcasting and will dump the channels starting this month.

YouTube says they don't take the decision lightly, adding it's a "reflection of the rising cost of sports content."The company argued several other TV services have also removed the Fox sports networks from their lineups.

DVD rental kiosk service Redbox is also launching an online streaming service.

The company is adding a "Free Live TV" tab to its website that will feature shows such as "Family Feud" and the "Forensic Files."

The company is working to roll out the service to Samsung, Vizio and LG.It also plans to make it available on Apple TV, Chromecast and Roku.

Redbox has previously attempted to launch a streaming service in 2013, but was unsuccessful.

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