HBO recently announced that they plan on competing with Netflix by offering a standalone online streaming subscription service, and Showtime is getting ready to follow suit. According to CBS Corp. chief Leslie Moonves, a Showtime streaming service will be coming “in the not too distant future.”

HBO announced on Tuesday that they’ll be launching an HBO Now streaming service next month, and Moonves told attendees of the the Deutsche Bank Media, Internet and Telecom investor conference in Palm Beach on Wednesday morning that negotiations with digital distributors and traditional MVPDs for a similar Showtime service are taking place.

“We’ve been having discussions with the normal suspects,” said Moonves. “I think the floodgates are now open.”

While Moonves admitted that some MVPDs are concerned about their digital-only offering hurting their existing service, he believes that streaming services only stand to improve the underlying economics for networks.

“Other than a little bit of consternation, I don’t see how anybody cannot view this as a positive for HBO and a positive for Showtime,” said Moonves, adding that CBS was positioning itself for the future with the launch of the CBS All Access SVOD platform last October. “Clearly the bundle is changing. The days of the 500-channel universe are over. The days of the 150-channel universe in the home are not necessarily over but they’re changing rapidly.”

During the 45-minute questions and answers session, Moonves also addressed CBS’ improving late-night fortunes now that Stephen Colbert is taking over The Late Show; the ownership of both The Late Show and its Late Late Show companion will now be shifting from Letterman’s Worldwide Pants to CBS.

“He’s coming to us at the perfect time,” said Moonves of Colbert, who he believes will give the network a “very different audience.” “We have the monetization online in place and social media is really expanding … The show will cost less. We see real potential for upside for profit in the next few years.”