‘Star Trek: Discovery’s Sonequa Martin-Green On An Inclusive Series That Was “Always About Universality”

After making an impact as Sasha on The Walking Dead, Sonequa Martin-Green strapped into a spacesuit this year to play Specialist Michael Burnham on Star Trek: Discovery, the first Trek series to premiere since 2001’s Star Trek: Enterprise. But the firs…

After making an impact as Sasha on The Walking Dead, Sonequa Martin-Green strapped into a spacesuit this year to play Specialist Michael Burnham on Star Trek: Discovery, the first Trek series to premiere since 2001's Star Trek: Enterprise. But the firsts didn't stop there: Martin-Green was also the first black woman to lead a Star Trek show. As she readies to shoot Season 2, Martin-Green reflects on the responsibility she felt stepping onto the bridge of the Discovery…

‘Tell Me A Story’: Billy Magnussen To Star In CBS All Access Thriller Series; Liz Friedlander To Direct

Billy Magnussen (Game Night) is set for a lead role in CBS All Access’ straight-to-series psychological thriller Tell Me a Story, from Kevin Williamson and Aaron Kaplan’s Kapital Entertainment. In addition, Liz Friedlander (Conviction) has been t…

Billy Magnussen (Game Night) is set for a lead role in CBS All Access’ straight-to-series psychological thriller Tell Me a Story, from Kevin Williamson and Aaron Kaplan's Kapital Entertainment. In addition, Liz Friedlander (Conviction) has been tapped to direct and executive produce the first two episodes. Written by Williamson, Tell Me a Story takes the world's most beloved fairy tales and reimagines them as a dark and twisted psychological thriller. Set in modern day…

CBS Chief Les Moonves Makes Subscriber Growth Case In Cord-Cutting Era

After releasing stellar first-quarter results, CBS Corp. execs told Wall Street analysts that the company is leveraging its traditional strength but also growing significantly in the direct-to-consumer arena.
“In an era when others are concerned …

After releasing stellar first-quarter results, CBS Corp. execs told Wall Street analysts that the company is leveraging its traditional strength but also growing significantly in the direct-to-consumer arena. “In an era when others are concerned about losing subscribers due to cord-cutting and other factors, CBS Corp. is growing subscribers,” said chairman and CEO Leslie Moonves. “As people move place to place, they're not leaving CBS. They're just moving to different…

CBS Beats Wall Street Profit Expectations As Q1 Revenue Sets Record

CBS surged past Wall Street expectations in the first quarter, reporting earnings per share of $1.34 on an adjusted, diluted basis, with the company crediting strength across all units. A consensus of analysts had expected earnings of $1.19 a share.
Re…

CBS surged past Wall Street expectations in the first quarter, reporting earnings per share of $1.34 on an adjusted, diluted basis, with the company crediting strength across all units. A consensus of analysts had expected earnings of $1.19 a share. Revenue in the quarter ending March 31 increased 13% to set a company record for the quarter at $3.76 billion, from $3.34 billion for the same period a year earlier. Affiliate and subscription fee revenues shot up 16%, with…

CBS Beats Q1 Earnings Forecasts on Record Revenue

CBS beat its earnings forecast for the first quarter of 2018, posting an adjusted diluted earnings per share (EPS) of $1.34 and a record $3.76 billion in revenue.

The $3.76 billion in revenue was a record for a first-quarter, and CBS also hit an all-time quarterly high in adjusted operating income and adjusted diluted EPS. Wall Street had forecast Q1 earnings of $1.19 EPS and $3.64 billion in revenue, per a Yahoo Finance compilation of media analysts.

CBS shares were trading up nearly two percent in after market trading to $49.65 per share.

Also Read: Viacom Beats Q1 Earnings Forecast Despite Declines in US TV Ratings, Paramount’s Box Office

“CBS’phenomenal first-quarter results once again affirm that we have the right strategy to successfully monetize our premium content now and in the future,” said Leslie Moonves, Chairman and Chief Executive Officer, CBS Corporation. “We achieved these record results thanks to the many ways we are delivering our must-have content, including our direct-to-consumer services — CBS All Access and Showtime OTT — which continue to grow rapidly and are now contributing meaningful dollars to our bottom line while attracting younger viewers.”

CBS saw gains for its affiliate, advertising and content licensing revenues.

Affiliate and subscription revenues rose 16 percent, led by a 25 percent increase in retransmission fees and growth among CBS’ streaming subscription services such as CBS All Access.

Also Read: Exiting ‘NCIS’ Star Pauley Perrette Is the Most-Liked Female Star on Primetime TV (Exclusive)

Advertising revenues were up eight percent, which include CBS’ acquisition of Australia’s Network Ten last year. Meanwhile, content licensing and distribution revenues were up 18 percent, benefiting from growth from the international licensing of new series as well as the start of renewal periods for licenses of library programming.

Combining CBS Television Network, CBS Television Studios, CBS Studios International, CBS Television Distribution, Network Ten, CBS Interactive, and CBS Films, the company’s entertainment revenue increased 16 percent from the same time last year.

On the cable end — Showtime Networks, CBS Sports Network, and Smithsonian Networks — revenue increased 12 percent.

Also Read: Kaley Cuoco Shares Gruesome Tease of New ‘Big Bang Theory’ Episode (Photo)

“We are just beginning to reap the benefits from our position as an industry leader in delivering content over-the-top while others are just entering this business. Beyond direct-to-consumer, our Company-wide growth in paying subscribers is an extremely important and unique part of our success,” Moonves continued. “Specifically, when you combine our CBS and Showtime subs across traditional MVPDs, virtual MVPDs (aka “skinny bundles”), and direct-to-consumer services, CBS Corporation’s subscribers are not only growing, but the growth is also accelerating. And the average rate per sub is increasing strongly as well. Looking ahead, we are confident that the demand for our programming will only increase when we unveil our new primetime lineup for the CBS Television Network later this month. In addition, we have a very successful slate of new and returning series at Showtime that continues to drive its rates and subscribers, and we have the midterm elections this fall.”

He concluded, “All of this is leading to another record year for the CBS Corporation in 2018, and with today’s terrific results, we are even more confident in the very strong full-year growth outlook that we laid out three months ago.”

During their conference call to discuss the quarterly results, CBS executives would not discuss any potential merger with Viacom.

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CBS beat its earnings forecast for the first quarter of 2018, posting an adjusted diluted earnings per share (EPS) of $1.34 and a record $3.76 billion in revenue.

The $3.76 billion in revenue was a record for a first-quarter, and CBS also hit an all-time quarterly high in adjusted operating income and adjusted diluted EPS. Wall Street had forecast Q1 earnings of $1.19 EPS and $3.64 billion in revenue, per a Yahoo Finance compilation of media analysts.

CBS shares were trading up nearly two percent in after market trading to $49.65 per share.

“CBS’phenomenal first-quarter results once again affirm that we have the right strategy to successfully monetize our premium content now and in the future,” said Leslie Moonves, Chairman and Chief Executive Officer, CBS Corporation. “We achieved these record results thanks to the many ways we are delivering our must-have content, including our direct-to-consumer services — CBS All Access and Showtime OTT — which continue to grow rapidly and are now contributing meaningful dollars to our bottom line while attracting younger viewers.”

CBS saw gains for its affiliate, advertising and content licensing revenues.

Affiliate and subscription revenues rose 16 percent, led by a 25 percent increase in retransmission fees and growth among CBS’ streaming subscription services such as CBS All Access.

Advertising revenues were up eight percent, which include CBS’ acquisition of Australia’s Network Ten last year. Meanwhile, content licensing and distribution revenues were up 18 percent, benefiting from growth from the international licensing of new series as well as the start of renewal periods for licenses of library programming.

Combining CBS Television Network, CBS Television Studios, CBS Studios International, CBS Television Distribution, Network Ten, CBS Interactive, and CBS Films, the company’s entertainment revenue increased 16 percent from the same time last year.

On the cable end — Showtime Networks, CBS Sports Network, and Smithsonian Networks — revenue increased 12 percent.

“We are just beginning to reap the benefits from our position as an industry leader in delivering content over-the-top while others are just entering this business. Beyond direct-to-consumer, our Company-wide growth in paying subscribers is an extremely important and unique part of our success,” Moonves continued. “Specifically, when you combine our CBS and Showtime subs across traditional MVPDs, virtual MVPDs (aka “skinny bundles”), and direct-to-consumer services, CBS Corporation’s subscribers are not only growing, but the growth is also accelerating. And the average rate per sub is increasing strongly as well. Looking ahead, we are confident that the demand for our programming will only increase when we unveil our new primetime lineup for the CBS Television Network later this month. In addition, we have a very successful slate of new and returning series at Showtime that continues to drive its rates and subscribers, and we have the midterm elections this fall.”

He concluded, “All of this is leading to another record year for the CBS Corporation in 2018, and with today’s terrific results, we are even more confident in the very strong full-year growth outlook that we laid out three months ago.”

During their conference call to discuss the quarterly results, CBS executives would not discuss any potential merger with Viacom.

Related stories from TheWrap:

CBS All Access Nabs Muhammad Ali Limited Series From Morgan Freeman

'Living Biblically' Pulled From CBS' Schedule

Ratings: 'Chicago PD' Clubs CBS' 'Criminal Minds' Finale at 10PM

TV News Roundup: CBS All Access Drops First Trailer for ‘Strange Angel’

In today’s roundup, CBS All Access released a first look at the trailer and key art for “Strange Angel” and YouTube releases new clip from “Cobra Kai.”  DATES “Carriers at War,” a new four-part series exploring…

In today’s roundup, CBS All Access released a first look at the trailer and key art for “Strange Angel” and YouTube releases new clip from “Cobra Kai.”  DATES “Carriers at War,” a new four-part series exploring the U.S. Navy’s fleet of aircraft carriers, premieres May 20 at 8 p.m. ET/PT on Smithsonian Channel as a part of […]

‘Strange Angel’ Trailer: David Lowery Heads to TV for Crazy Story of Occult Rocket Scientist

Plus more first-look photos from CBS All Access of Jack Reynor as Jack Parsons, the 20th century inventor who led an unbelievable life.

An innovative rocket scientist from humble origins who eventually came to be an occult disciple of Aleister Crowley: The story of Jack Parsons is so bizarre, it’s hard to believe it’s taken this long to turn it into a TV show. Given that it takes Parsons’ story from earth to the cosmos, it’s no surprise the new CBS All Access show “Strange Angel” turned to David Lowery as a director.

The streaming service released the first trailer and images for the upcoming series, highlighting every part of Parsons’ legendary past. “Free Fire” and “Sing Street” star Jack Reynor leads the way as Parsons, tracking from his LA beginnings through his twin fascinations. From creator Mark Heyman and based on George Pendle’s 2005 book, “Strange Angel” also stars Bella Heathcote and Rupert Friend.

It’s not the first TV trip for Lowery, who was also behind the camera for a 2014 episode of “Rectify.” But he’ll serve as both the pilot director and the executive producer of this series. Ridley Scott is also on board as an EP, and given his track record with shows he produced so far in 2018, this one should be one to keep an eye on.

“Strange Angel” is part of a planned upcoming slate of indie director-driven series that also includes “$1” from Craig Zobel, which will star Leslie Odom, Jr. and John Carroll Lynch.

Watch the full trailer (including some impressive, versatile chalk work) below:

“Strange Angel” premieres Thursday, June 14 on CBS All Access.

Strange Angel Jack Reynor CBS All Access

“Strange Angel”

Elizabeth Lippman/CBS

Strange Angel CBS All Access Jack Reynor

“Strange Angel”

Ken Sax/CBS

Strange Angel CBS All Access

“Strange Angel”

Elizabeth Lippman/CBS

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