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CBS CEO hints Showtime standalone streaming service is on its way

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Bill Inoshita/CBS

Though HBO just announced its plans for a standalone subscription streaming service, the premium cable channel may soon have some competition in that space from a familiar face.

Speaking at the Deutsche Bank Securities 2015 Media, Internet & Telecom Conference, CBS’ president and CEO Les Moonves mentioned that Showtime is looking into offering a similar package to HBO Now, that would allow for users to watch Showtime content without an existing cable subscription.

As first reported by Deadline, Moonves mentioned that a subscription service is in the works for “the not-too-distant future.” Spurred on by the success of CBS All Access, the streaming service for CBS shows, the company is looking to continue making moves to the streaming space. 

“I don’t think there’s any way, shape, or form for anybody to look at [HBO Now] other than as a major positive for premium cable,” Moonves said at the conference.”

Moonves remained vague on details about how far along such a service might be at this time, however. When reached for comment, a Showtime representative said, “The demand for our service has never been stronger. We are currently in discussions with both traditional and internet distributors and are following our own strategic plan. We will have additional news soon.”

Showtime and CBS Corporation will likely be keeping a close watch on the successes and failures of HBO Now, which is partnering with Apple at its launch, to determine how to move forward on whatever type of service to pursue. Current Showtime subscribers can access Showtime content via the Showtime Anytime app.