CBS CEO Leslie Moonves Explains Why
‘Person of Interest’ Was Canceled
Moonves highlighted the increased importance of owning shows as “the international market is exploding” and domestic SVOD services have spent on license deals. All that means companies can make “pretty tremendous” amounts of money if they own a show, he said. “The value of content is so much greater than it was before. Having ownership is a huge, huge difference, and it does effect everything we do. A show that’s 100 percent owned will generally get a better time period.”
Elementary made a about profit of $80 million last year, Moonves said, while the company broke even on Person, “because Warner Bros got all that additional revenue.” Out of CBS’ six new shows for fall, CBS fully owns three, 70 percent of one and 50 percent of the remaining two.
Thanks to the Hollywood Reporter for above snippets: