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.
After releasing five films and only one gross over $30 million, CBS Films's revenue are lower than expected. Effectively after its March 2011 release, CBS halts its film slate and moves to acquire films at film festivals. Baer also is released after the ended of her contract in October with a trio of senior executives left to head up the division.
On April 23, 2012, CBS Films named Hammer and Terry Press Co-Presidents. Press, who had been consulting for the studio since 2010, oversees creative, distribution, marketing and physical production. Hammer will oversees all business, finance, legal affairs and acquisitions, including financed, co-financed and completed projects for the division. Hammer moved CBS Films into becoming a major film acquisition mover thus allowing internal projects to development more. CBS's highest profile purchase was $4 million for Inside Llewyn Davis which won Cannes' Grand Prix and nominations for two Academy and 3 Golden Globe awards.
In July 2014, Hammer moved from being co-president to being a consultant for digital.
The pay-cable rights to the new CBS Films' library are held by CBS's premium cable networks Showtime and The Movie Channel. Sony Pictures also has foreign theatrical and home entertainment distribution rights for all CBS Films products.
|Release Date||Title||Budget||Gross (worldwide)||Notes|
|January 22, 2010||Extraordinary Measures||$30 million||$15.1 million|
|April 23, 2010||The Back-up Plan||$35 million||$77.5 million|
|November 24, 2010||Faster||$24 million||$35.5 million||Co-production with TriStar Pictures and Castle Rock Entertainment|
|January 28, 2011||The Mechanic||$40 million||$51.0 million||Co-production with Millennium Films|
|March 4, 2011||Beastly||$17 million||$43.1 million|
|February 3, 2012||The Woman in Black||$13 million||$127.7 million||US distribution only, produced by Hammer Pictures, UK Film Council, Alliance Films, Exclusive Media Group and Cross Creek Pictures|
|March 9, 2012||Salmon Fishing in the Yemen||$14.5 million||$34.6 million||US distribution only, produced by Lionsgate Films, UK Film Council and BBC Films|
|September 7, 2012||The Words||$6 million||$13.2 million|
|October 12, 2012||Seven Psychopaths||$15 million||$33 million||Co-production with the British Film Institute, Blueprint Pictures and Film4 Productions|
|March 1, 2013||The Last Exorcism Part II||$5 million||$15.2 million||Co-production with StudioCanal and Strike Entertainment|
|May 31, 2013||The Kings of Summer||n/a||$1.4 million||Co-production with Big Beach Films|
|July 26, 2013||The To Do List||$1.5 million||$3.9 million|
|November 1, 2013||Last Vegas||$28 million||$134.4 million||Co-production with Good Universe; international distribution was held by Universal Studios|
|December 6, 2013||Inside Llewyn Davis||$11 million||$13+ million||US distribution only, produced by StudioCanal, Scott Rudin Productions, and Mike Zoss Productions|
|April 4, 2014||Afflicted||$318,000||$121,200||Co-production with Entertainment One and IM Global|
|April 25, 2014||Gambit||n/a||$14.2 million||US home video distribution only|
|August 15, 2014||What If||$11 million||$7.8 million||US distribution only, produced by Entertainment One and Telefilm Canada|
|September 26, 2014||Pride||$16.7 million||US distribution only, co-production with 20th Century Fox, BBC Films, British Film Institute, Canal+, Ciné+, Ingenious Media and Pathé|
|February 20, 2015||The DUFF||$8.5 million||$43.5 million||Co-production with Wonderland Sound and Vision and Vast Entertainment|
|November 13, 2015||Love the Coopers||$24 million||$41.1 million||Co-production with Groundswell Productions, Imagine Entertainment, and Handwritten Films|
|March 25, 2016||Get a Job||Co-production with Lionsgate Premiere and Double Feature Films|
|April 12, 2016||Flight 7500||$2.8 million||Co-distribution with Lionsgate Films|
|August 12, 2016||Hell or High Water||$12 million||$37.9 million||Co-production with Sidney Kimmel Entertainment, Odd Lot Entertainment, Film 44, and LBI Entertainment|
|October 7, 2016||Middle School: The Worst Years of My Life||$8.5 million||$23.3 million||Co-production with Lionsgate Films, James Patterson Entertainment, and Participant Media|
|December 21, 2016||Patriots Day||$40 million||$52.4 million||Co-distribution with Lionsgate Films|
|March 10, 2017||The Sense of an Ending||Co-distribution with Lionsgate|
|June 2, 2017||Dean||$950,000||$254,536|
|September 15, 2017||American Assassin||$33 million||$66.7 million||International distribution by Lionsgate Films|
|February 2, 2018||Winchester||$3.5 million||$33.7 million||Co-distribution with Lionsgate Films|
|Title||Release Date||Notes||Budget||Gross (worldwide)|
|Hellfest||October 12, 2018||Distributed by Lionsgate Films|
|Who Gets Bob?||TBA|
|Freaky Monday||TBA||Co-production with Gunn Films|
|Sleeper Spy||TBA||Co-produced by Mandeville Films, WWE Studios and Tree House Films|
|Deus Ex: Human Revolution||TBA||Co-production with Square Enix and Eidos Montréal|
|Tesla & Twain||TBA|
|The Woman in Cabin 10||TBA||Co-production with Gotham Group|
|The Husband's Secret||TBA||Co-production with Depth of Field|
|The 100-Year-Old Man Who Climbed out the Window and Disappeared||TBA||Co-production with Gary Sanchez Productions and NiceFLX Pictures|