ViacomCBS Plans New Streaming Video Service

ViacomCBS (NASDAQ: VIAC) (NASDAQ: VIACA), the product of a recent merge of television powerhouses Viacom and CBS, are planning to launch a new streaming video service, according to a Thursday report from CNBC citing people familiar with the matter.

The new service would be marketing side by side with an existing streaming video service called CBS All Access, utilizing the same content but adding programming from MTV, Nickelodeon, Paramount Pictures, and more. ViacomCBS also owns the popular Star Trek franchise.

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Source Fool.com