CBS plans to reduce prices to $1 on some iTunes TV episodes
According to MediaMemo, CBS CEO Les Moonves said Thursday that his network would reduce prices on some of its shows to 99 cents, down from the standard price of $1.99. The news follows a report from last week that indicated Apple was looking to test a $1-per-TV-episode program when the iPad launches in late March.
He said that "certain shows" would be priced at 99 cents, but didn't give any specifics. He added that the details have not yet been worked out.
That report said some networks had already agreed to lower prices, but didn't name any specifically. Moonves' comments mark the first major U.S. network to confirm participation with the new pricing structure.
"Itâs possible that Moonves doesnât plan to make any significant concessions on pricing â CBS, like other networks, already offers some older shows, or new shows it wants to promote, at discount prices," the report said. "But the context of Moonvesâ comments, which came during the companyâs earnings call today, indicated that he was planning on changing his pricing structure on more than a one-off basis."
In addition to CBS, another likely candidate would be ABC, which is owned by the Walt Disney Corp., of which Apple co-founder Steve Jobs is the largest shareholder. Last week the CEO of Disney praised the iPad and its potential for multimedia content, including interactive TV shows. Bob Iger singled out the popular ABC show "Lost" and said a forthcoming iPad edition would provide an interactive version of the program.