CBS announced last Thursday that the network will be launching its stand-alone digital streaming service at $5.99 per month, which will offer its subscribers with current and previous shows.

After HBO officially announced its streaming-only service to be launched in 2015, CBS also made public its plans of utilizing digital media for subscribers to enjoy its TV shows.

Peter Dunn, president of CBS Television Stations, released an official statement about the broadcast TV network's decision to launch its streaming service, known as CBS All Access.

"With video consumption habits changing all the time, it is very important that we continue to provide the best local news, entertainment and sports via a service like CBS All Access," Dunn explained. "Television stations have been the fabric of local broadcasting for 75 years, and today's announcement is part of paving the way for the next 75."

CBS is following the worldwide trend of streaming shows and other forms of media as almost 50 per cent of American subscribers stream TV shows at least once a month, NY Daily News reported. Such number is highly likely to increase to 53 per cent by the time 2018 rolls in.

CBS will air current primetime shows including "Survivor" and "The Good Wife," to be made available a day after they are aired on television.

Subscribers can also look forward to streaming CBS stations live from 14 markets as well as past seasons of current shows. Furthermore, they can enjoy older programs from CBS and other networks, including "Cheers" and "Twin Peaks." However, live streaming of sports events will not be included.

While streaming services such as Netflix and Hulu are currently offering a number of CBS shows to its subscribers, the CBS All Access streaming service is expected to provide a wider range of shows and a more comprehensive lineup.