Moonves also 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 that 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."
He mentioned that this also affected fall TV schedule choices, as the CBS-owned Elementary was renewed, but Warner's Person of Interest was canceled.
Elementary made an about profit of $80 million last year, Moonves said, while the company broke even on Person, "because Warner Bros got all that additional revenue."
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