CBS Films
CBS Films is an American film production and distribution company founded in 2007 as a division 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.
Background
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.
Company history
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.