The CBS Network has reached an accord with the CBS Affiliates Board on the terms surrounding CBS All Access, the company’s new over-the-top service, B&C reports. The price of the streaming service has been set at $5.99 a month.
The agreement comes after three months of negotiations, after CBS announced the service back in October.
“Participating affiliates get what Michael Fiorile, CBS affiliates board chairman, called a ‘piece’ of the subscription monies, with the percentage ramping up as the subscription rolls increase,” B&C reports.
In a March 13 email to affiliates, Fiorile, who is the president and CEO of Dispatch Printing Company, wrote: “We are excited to have reached this groundbreaking agreement, which begins a new era in distribution by CBS affiliates in your respective markets.”
B&C adds: “Affiliate groups, such as Sinclair, Nexstar and Dispatch, can opt into the agreement the affiliates board has ironed out. If they don’t, broadcasters can negotiate with CBS directly on a separate All Access agreement. In his email, Fiorile said the arrangement ‘reflects the interests of CBS affiliates.'”