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Watch out HBO: Showtime plans online streaming service

I'm a big fan of getting rid of that expensive cable bill, but cutting the cord can still mean missing out on a few of your favorite shows. That might not be the case for long, though. More and more content providers are making the decision to offer streaming-only services for viewers who want to cut the cord on cable. Showtime is the latest premium channel to make the switch and announce a new streaming outlet for customers.

On the heels of HBO's streaming announcement, Showtime has announced that it will launch a streaming-only package for viewers sometime next year. That means you could watch Showtime's popular shows, movies and more from your gadgets without a cable subscription.

The new development isn't much of a surprise, though. Showtime is owned by CBS, after all. And, that network already announced its own paid streaming service for people who don't want to be saddled with a cable contract.

"There's many millions of people out there on college campuses, the cord-nevers, the cord-cutters ... and there are 10 million broadband-only consumers out there, and we expect to be able to get those people and reach those people," [CBS Corp.CEO Les] Moonves said, according to a transcript on investing site Seeking Alpha. "We could say fairly definitively, sometime in '15, there will be some service from Showtime."

CBS is also launching a new streaming service for viewers today called CBS N. It's a live anchored news channel that's accessible over the Internet for free.

"Obviously, we see the same opportunity HBO does," [COO Joe ] Ianniello said. "So we have to find creative and innovative ways to continue to have our content where the consumers are."

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Source: USA Today
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