CBS Films Being Folded Into CBS Entertainment Group, Focus Shifting to Streaming (EXCLUSIVE)

Variety | 1/11/2019 | Brent Lang
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CBS Films will be folded into CBS Entertainment Group over the next twelve months, Variety has learned.

After the last of these films debuts in cinemas, CBS Films’ mandate will shift towards finding content for the company’s streaming services. These platforms will likely include CBS All Access, the media conglomerate major entry into the streaming space, but details are still being worked out. CBS Films President Terry Press is expected to continue to lead the division. CBS Films’ name will continue on CBS Films releases.

Part - Optimization - CBS - Operations - CBS

“As part of our ongoing optimization of CBS operations, CBS Films will be folded into the larger CBS Entertainment Group over the course of 2019,” according to a statement from CBS corporation. “This will allow the company to further focus its entertainment resources on its television, digital and streaming businesses…We are grateful for the continued leadership of Terry Press and the passionate efforts...
(Excerpt) Read more at: Variety
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