Les Moonves, CEO of CBS, says that Hulu does not not hurt TV.com, CBS backed online video destination.
CBS Corp. (NYSE: CBS) isn’t threatened by Walt Disney Co. (NYSE: DIS)’s move to join Fox Broadcasting Co. and NBC Universal on Hulu LLC , CEO Leslie Moonves told analysts on the company’s first-quarter earnings call.
When asked if the addition of Disney and ABC.com content to Hulu would hurt the value of CBS Interactive’s TV.com, Moonves said TV.com will perform well on its own.
“TV.com is doing extremely well. We like the ability to control our own content — where and when it goes. We don’t like the idea of being exclusive to Hulu. It’s not to say one day you won’t see CBS content on Hulu, or Hulu content on TV.com. But this gives us the freedom to place our content wherever we want,” Moonves said on the conference call Thursday.
“We wish Hulu well. We think it will do well. But we think TV.com will do extremely well, and we will be in control of our own destiny,” Moonves added.
CBS picked up TV.com in its acquisition of CNET Networks last year, and it relaunched the site, which is part of its CBS Interactive unit, in January.