ViacomCBS is planning a new streaming service that will combine the existing CBS All Access service with Paramount movies and shows from Viacom channels such as MTV and BET.
The move had been expected since CBS and Viacom combined in August to better compete in the increasingly competitive streaming environment.
CBS was one of the first media companies to launch its own streaming service. Its $6-a-month service CBS All Access includes original programming such as new "Star Trek" series and a revival of "The Twilight Zone." The service also has old and current broadcast shows.
Since then, Disney launched its $7-a-month Disney Plus service, while Comcast's NBCUniversal and AT&T's WarnerMedia have services coming, tapping movies and shows from their channels and production studios. The companies are all trying to challenge Netflix, Amazon and other established players in the streaming arena as their channels face challenges from More