CBS Films
 |
|
| Subsidiary | |
| Industry | Motion Pictures |
| Predecessor | CBS Theatrical Films |
| Founded | March 2007 |
| Founder | Leslie Moonves |
| Headquarters | Brentwood, Los Angeles, United States |
|
Key people
|
Terry Press (President) |
| Products | Films |
| Owner | National Amusements |
|
Number of employees
|
18 (2016) |
| Parent | CBS Corporation |
| Website | www |
CBS Films is an American film production and distribution company founded in 2007 as a subsidiary of CBS Corporation and is considered a mini-major studio.
CBS Films will distribute, develop and produce four to six $50 million budget movies a year.
CBS made a brief move into film production in 1967, creating Cinema Center Films and closed in 1972 as an unprofitable unit. In 1979 CBS launched a new theatrical films division, which was officially named CBS Theatrical Films the following year. While this was in operation, CBS entered into a joint venture with Columbia Pictures and HBO called Tri-Star Pictures. CBS eventually dropped out of the venture in 1985, and CBS Theatrical Films came to an end that same year. In 2000, CBS was bought by Viacom, which also owned Paramount Pictures.
In March 2007, following the 2006 split from Viacom and Paramount, CBS Corp. launched CBS Films with the hiring of Bruce Tobey as head of business affairs, legal, finance and video distribution. Amy Baer was hired in September 2007 as president and CEO for CBS Films. With CBS owning a cable movie channel, this division was created to make content for the channel. On November 17, 2009, CBS signed with Sony Pictures for a three-year deal for international distribution.
The studio's launch seemed to well timed to its executives with the closure or restructuring of many film studios including the formerly prominent Metro-Goldwyn-Mayer, Miramax Films and Warner Independent Pictures. Also that CBS will be able to well market its films with all its parent corporation's advertising channels from broadcast to billboards.
The studio released its first film, Extraordinary Measures, on January 22, 2010 and flopped. CBS Films released its second film, a romantic comedy The Back-up Plan, in April 2010 with so-so results. Opening over the five-day Thanksgiving weekend, Faster, its third film and the Dwayne Johnson action flick, was weak at the box office with a $12 million start. In August, the company purchased distribution rights for the first time for the remake movie, The Mechanic. CBS moved to replace Bruce Tobey, chief operations officer, with Wolfgang Hammer in November 2010.
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Wikipedia