Just one day after HBO made waves with its plans for a standalone streaming service, CBS is following suit, announcing its own streaming platform, CBS All Access.

The new service, which is now live and available through CBS.com and its mobile app, is a subscription service offering episodes of current shows (including primetime, daytime and late night), older seasons of current hits and episodes from classic series such as Twin Peaks and Cheers.

Primetime shows will become available to stream the day after they air on CBS, rather than the eight-day delay many shows currently have on CBS.com and its network app. It will cost subscribers $5.99 per month and also includes exclusive content for shows like Big Brother and CBS events, including The Grammys and The Victoria’s Secret Fashion Show.

“CBS All Access is another key step in the company’s long-standing strategy of monetizing our local and national content in the ways that viewers want it,” said Leslie Moonves, president and CEO of CBS Corporation. “This new subscription service will deliver the most of CBS to our biggest fans while being additive to the overall ecosystem. Across the board, we continue to capitalize on technological advances that help consumers engage with our world-class programming, and we look forward to serving our viewers in this new and exciting way.”

Local TV stations will also be included in the package, offering live streams from 14 of CBS’s markets for now, with plans to add more. Right now the list includes New York, Los Angeles, Chicago, Philadelphia, Dallas, San Francisco and Boston.

​On Wednesday, HBO announced its plans for a standalone service to debut in 2015, which will mark the first time U.S. viewers will be able to access its HBO GO app without a cable package. According to Bloomberg, this may also signal things to come for CBS’s Showtime, HBO’ rival, who may use the opportunity to follow in HBO’s footsteps by possibly launching an online subscription of their own.

Brief Take: What the onslaught of streaming services are going to mean for traditional TV providers is still unclear, but the way TV is being delivered is in the middle of a drastic transition the endpoint of which is unclear.

[Image courtesy of CBS]

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