Disney streaming service going after Netflix will likely work

CBS Chairman in addition to CEO Leslie Moonves said Thursday which Disney’s fresh streaming service will “probably” be a success.

“Disney has great product, in addition to Yet again as you look into the universe, Disney said, ‘OK, they don’t want to be a part of the Netflix universe.’ They wanted to do which themselves. which’s something we decided to do a few years ago,” Moonves said in an interview on CNBC’s “Squawk on the Street.”

The CBS chief was referring to his company’s CBS All Access service, which launched in 2014. which allows users to stream over the internet live TV in addition to NFL games in addition to thousands of CBS shows on-demand.

“People are going to choose what they want to watch. People are tired of paying for things they don’t want to watch. …There is usually a lot of people who want Disney, just like there’s a lot of people who want CBS,” Moonves said.

Disney announced last month which intends to remove its movies through Netflix in addition to instead launch a branded direct-to-consumer streaming service.

Disney CEO Bob Iger told CNBC at the time which Disney had a “not bad relationship” with Netflix, yet decided to exercise an option to move its content off the platform.

Moonves also spoke about the changing ways people consume media. He said there is usually “no question” which consumers are cutting the cord yet the company is usually adapting in addition to doing money.

“When people are cord cutting or they’re leaving cable, they’re going somewhere. They’re not going to thin air. They’re buying various other services,” the CBS chief said.

“We’re involved with skinny bundles, the ones which are doing smaller packages of 40 channels as well as CBS All Access in addition to Showtime over the top,” he said.

—CNBC’s Michelle Castillo contributed to This specific report.

Watch: CBS’ Les Moonves: NFL still best property on television, not worried about ratings

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