NEW YORK ( TheStreet) -- CBS ( CBS) will allow Boxee to feature its programming later this year through a new content distribution deal.

"We have signed an agreement with CBS that will give Boxee users the ability to purchase full episodes from CBS starting later this year," Boxee said in a statement on its company blog.

Through the deal, users will be able to buy both current and old CBS programs through Boxee's software platform. Boxee is a cross-platform media hub software that allows its users to view, rate and recommend content to their friends through its social networking features.

The arrangement was announced at the Consumer Electronics Show in Las Vegas on Thursday.

CBS television episodes are currently available for purchase through Apple's ( AAPL) iTunes store.

During a presentation at the 38th annual UBS global media conference in December, CBS president and CEO Leslie Moonves explained he was hesitant to close on any deals with online video providers.

He said that he was counting on original content to give the company more leverage in potential deals with content distributors and online media platforms.

"People want our content," he said. "We are going to take our time making the right decision. Caution is a not a bad thing here"

Moonves said he was keeping his eye on the trends in the television sector and that he wanted to take his time and evaluate his options.

CBS shares are down more than 1% in late afternoon trading on Friday to around $19.25.

-- Written by Theresa McCabe in Boston.

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Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

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