Exactly as many speculated:
“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. This will allow the company to further focus its entertainment resources on its television, digital and streaming businesses. Prior to shifting its focus to streaming-centered content, the division will continue to execute their distribution and marketing strategies in support of forthcoming releases Five Feet Apart, Scary Stories to Tell in the Dark, Pavarotti and Lexi. We are grateful for the continued leadership of Terry Press and the passionate efforts of everyone at CBS Films.”
https://deadline.com/2019/01/cbs-films-folded-into-cbs-entertainment-group-1202534009/
If Paramount's movie rights lapse, could we start getting CBS-produced films instead?
“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. This will allow the company to further focus its entertainment resources on its television, digital and streaming businesses. Prior to shifting its focus to streaming-centered content, the division will continue to execute their distribution and marketing strategies in support of forthcoming releases Five Feet Apart, Scary Stories to Tell in the Dark, Pavarotti and Lexi. We are grateful for the continued leadership of Terry Press and the passionate efforts of everyone at CBS Films.”
https://deadline.com/2019/01/cbs-films-folded-into-cbs-entertainment-group-1202534009/
If Paramount's movie rights lapse, could we start getting CBS-produced films instead?