NEW YORK (AP) — CBS is jumping on the cord-cutting bandwagon, launching a stand-alone digital streaming service for $5.99 a month that will offer subscribers access to its current and older shows.

The news comes a day after HBO said it plans to offer a streaming-only service next year. Americans are increasingly turning to digital media to watch TV and movies. About 45 percent of Americans stream television shows at least once a month, according to research firm eMarketer. That number is expected to increase to 53 percent or 175 million people by 2018, it says.