Latest in Entertainment

Image credit:

CBS' reworked film division will focus on streaming

The network is adapting to the realities of the internet era.
Jon Fingas, @jonfingas
January 12, 2019
Share
Tweet
Share

Sponsored Links

Angela Weiss/AFP/Getty Images

CBS' ongoing streaming push is now affecting its movie business. Variety has revealed that CBS is folding its Films division into the larger Entertainment Group over the next year, and it will shift its focus to streaming after the last of its four in-progress movies (Five Feet Apart, Lexi, Pavarotti and Scary Stories to Tell in the Dark) reaches theaters. The details of what happens next are reportedly still up in the air, but there's a good chance All Access plays a major part in that strategy.

The company explained the reorganization as a bid to "further focus" on digital, streaming and TV businesses, and said that the current leadership would remain intact. You'll still see the CBS Films name on movies wherever they show up.

While CBS didn't go into detail regarding the move, it may be an acknowledgment that streaming is more viable for smaller movie production outlets. CBS Films is just a fraction the size of powerhouse studios like Sony or Warner Bros., with just over 30 employees -- it's not going to compete against big-budget blockbusters. Streaming services tend to be much friendlier to lower-cost productions, as they can reach large audiences but won't cost nearly as much to distribute and advertise as theatrical releases.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

NASA will fund six more Artemis missions as it plans return to the moon

NASA will fund six more Artemis missions as it plans return to the moon

View
Google reveals its new Nest smart speaker

Google reveals its new Nest smart speaker

View
Amazon has eliminated single-use plastic at its Indian fulfilment centers

Amazon has eliminated single-use plastic at its Indian fulfilment centers

View
Probe of failed Boeing Starliner launch finds a long list of problems

Probe of failed Boeing Starliner launch finds a long list of problems

View
Canon takes on Sony's A7 series with the full-frame EOS R6 camera

Canon takes on Sony's A7 series with the full-frame EOS R6 camera

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr