Phoebus Film or Phoebus-Film was a German film production and distribution company active during the silent era.
In 1927 the studio became involved in major controversy during the Lohmann Scandal, when it emerged that the company had secretly been granted a large sum from the German Navy Department geared toward military propaganda and support of rearmament at a time when this was forbidden by the Treaty of Versailles. The ensuing scandal led to a political crisis in the Weimar Republic and the resignation of Otto Gessler as Defence Minister