CBS int'l biz growing despite crisis

CBS Corp. Boss Leslie Moonves stated Tuesday that turmoil in worldwide market has not designed a dent within the company's muscular $1 billion worldwide sales -- a well known fact which surprises even him. "It is interesting because I clearly speak (regularly) using the guy who runs our worldwide sales group but for the this past year, without a doubt, I keep expecting him to return and say, you realize, 'In america we've got wiped out through the economy.' I've not heard that when. The amounts go up every year in just about every territory," Moonves told traders in the UBS Global Media and Communications summit in Gotham. "Not too we create a fortune in A holiday in greece, but we have increased in A holiday in greece, and The country, and Italia," three from the Europe's toughest hit gamers within the tormented Euro-zone. It's proven simpler and perhaps cheaper for foreign companies to carry on purchasing U.S. shows even just in occasions of recession than attempt to recreate them. Most CBS dramas get north or $two million a chapter, he stated. "All will work for American product overseas." Meanwhile, CBS yet others still spend for sports privileges. Reviews now stated the Nfl is near to inking extra time of three deals, with CBS, Comcast and Fox, for annual average privileges obligations with a minimum of $1 billion -- a 60% increase within the previous contract. "The cost of poker is rising," Moonves stated. However it should, he added. "A bad football game out-rates most programming." Requested about among CBS' more recent partners, Netflix, Moonves stated it "has certainly become really a buddy than the usual foe." Content deals are inserting fresh cash in to the CW Network in the present 4th quarter and can transform it lucrative the coming year. Media chieftains still assess Netflix's influence and it is effect on their overall business, especially because the video streaming company, that has been dogged by a number of recent proper problems, launches into original programming. "We're rooting on their behalf,Inch Moonves stated. "Hopefully they continue being strong, to achieve customers." Netflix Boss Reed Hastings is going to be showing in the massive conference afterwards Tuesday. CBS' handles Netflix along with other streaming services are non-exclusive, a method which Moonves is constantly on the defend. CBS is the owner of 70% of their shows, he stated and "individuals would be the family jewels. We're protective of this content. Then when someone states 'there's this chance to get this done deal, it will likely be worth $30 or $40 million,' I only say 'At what risk?'" With vast amounts of dollars between advertising and distribution to safeguard, "You are going to need to create a very compelling proposal." Contact the range newsroom at news@variety.com