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The only interesting part of this deal is that now CBS Films will compete with Paramount films. Look what Sumner Redstone’s dunderhead decision to completely separate them into public companies has wrought. It’s finally official that 
CBS Films is doing their own domestic theatrical and television distribution as well as retaining rights in a limited number of foreign territories. The company then put the rest of their international theatrical and wordwide video distribution out for bid. So Sony Pictures’ Peter Schlessel and Jeff Blake signed a 3-year marketing and distribution deal. Sony Pictures will handle international theatrical distribution of CBS Films productions as well as service worldwide distribution of the unit’s films in the home entertainment marketplace. It’s taken since 2007 for CBS Films to get up and running and now plans to develop and produce four to six movies a year spanning all genres, with production budgets up to $50 million per film. CBS Films and Sony are already collaborating to produce Faster, set to begin production in early 2010.
Sony Pictures To Market & Distribute CBS Films Overseas & Home Entertainment
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Oh boy, more product from Sony that no one will care about.
Hey CBS Films, 1973 called and they want their logo back.
HA! Dude, I was thinking exactly the same thing. Blargh. Horrible, horrible logo.
Also, can we start referring to Sony Pictures Acquisition Group as ‘SPAG’?
It seems strangely fitting.
I was trying to decide between “1973″ and “Clip Art”
DEDSTONE CONSIDERS HIMSELF AS THE GREAT ARCHITECHT OF THE VIACOM SPLIT. FOUR YEARS LATER IT’S DOWN 45%. WHAT HE DID TO CBS/SHOWTIME IS EXACTLY THE SAME WAY HE TREATS HIS FAMILY. MOST PEOPLE HAVE FORGOTTEN THE $800,000,000.08 HE LOST IN MIDWAY GAMES. THE PROBLEM WITH BOTH OF HIS COMPANIES ARE HIS “BORED OF PUPPETS”. DAUMAN KISSES HIS “TUCHES”. THE LATEST FIASCO EPIX TV CAN’T GET OFF THE GROUND.HE SCREWED CBS AND NO ONE CAN FIGURE THIS ONE OUT. I HOPE THE CBS FILMS MAKE IT. WHEN HE MERGED WITH CBS AND WAS INTERVIEWED ON CNBC ALONG WITH KARMAZIN HE SAID TO MEL “DON’T FORGET I’M THE BOSS HERE”.
WITH ALL OF HIS DWINDLING WEALTH HE CAN’T BE HUMBLE. I DON’T THINK HE’LL HAVE A MINYON AT THE GRAVESITE.
HE BLAMED FRESTON FOR NOT GETTING MYSPACE. WHAT A BUNCH OF CRAP. IF HE WANTED MYSPACE FOR THE $500,000,000 VIACOM WOULD HAVE DONE THE DEAL. IT WAS TOO MUCH FOR HIM AT THE TIME.
from the looks of the marketing of Extraordinary Measures, CBS Films should hand over the marketing of all domestic over to Sony as well. poster and trailer are horrible.
That marketing’s great!… for 1995.
Mr. Redstone doesn’t care about shareholders other than himself. Why would any rational executive do what he did by not only hurting CBS,the genius is causing Viacom to get hurt financially with EPIX. EPIX will never get off the ground. I hope the Harrison Ford movie does well. Grey has put Paramount on hiatus for the fourth quarter.
There goes my employee discount in the Paramount studio store.
you’d think people would welcome another producer / distributor into the mix, especially one that clearly has the resources to succeed. as for why sony over paramount, isn’t that obvious? look at sony’s intl infastructure, they may cross 2b in box this year. nikki – you’re vendetta against sumner redstone aside, this is a good thing for all of us who are actually in the business…
THIS DEAL ISN’T FOR ALL OF YOU IN THE BUSINESS IT’S SUPPOSE TO BE FOR THE COMPANIES AND ITS SHAREHOLDERS. UNFORTUNATELY ALL THE SHAREHOLDERS ARE DEDSTONE ONLY. OTHERWISE THERE WOULD BE MUCHO CLASS ACTION SUITS AGAINST DEDSTONE.
As noted, CBS films began in 2007. Their offices on Wilshire is home to incompetents. The suits and skirts are so insecure within themselves they can’t get off the dime to make a decision. And when they do they marginally greenlight “faster” and it will be a disaster! The casting referenced from IDMB is a joke. Who cares!
Obviously the cross currents of Joel Silver and Rob Reiner as producers of “faster” are connected via other projects…CBS Films scared to go it alone “insecure within themselves.” And God forbid if the above mentioned producers have any say so in the actual making of the movie. Between them and the no talent director,CBS films will wish they made “slower.” So much to choose from and they make THIS! Trying to emulate Screen Gems’successful approach to movie making is a good idea, but the CBS suits and skirts live in an “office of imcompetents” and can’t do it right But since I want all movies to succeed($wise)prove me wrong, please.
How f’ed-up is the entire Viacom org from the top down… Dauman, Grey… Such buffoons to not be able to push the right buttons and get that CBS biz for Paramount when they’re both owned by the same g-d person.
My god when is Brad Grey gonna be gone.
Totally agree that 1973 wants their logo and marketing back.
Marketing is a bunch of Warner Brothers, Columbia/TriStar retreads. Spotrunner? Really? More time spent in court than marketing.
Start leveraging that CBS empire Leslie.
Let me guess — CBS didn’t solicit a bid for this business or negotiate with Paramount even though that would have been in the best economic interest of the controlling shareholder — Sumner Redstone.
So yet again, the CBS crowd is making an economic decision based on spite and ego. what a team. glad i dumped the stock at the time of the split.
I wish I had dumped my shares at the time of the split. Your probably correct that LESS didn’t solicit a bid from Paramount. This is a violation of their fiduciary responsibility to the company and shareholders. These AH only care about Dedstone. Dauman has lied to shareholders about EPIX and where they stand with distribution. The distributors won’t cave in on price to carry EPIX.
Viacom won the rights to “THIS IS IT”. Was there name picked out of a fishbowl since ther is no mention of what they paid?
This is Les Moonves paying back Paramount for screwing him on the Showtime deal and forming EPIX instead.
yep, it’s payback time-exactly.
WHERE IS THE OUTRAGE FROM MORGAN STANLEY, BARCLAYS GLOBAL, NWQ INVESTMENT, GAMCO, GABELLI FUND AND GABELLI VALUE WHO OWN 28.8% OF VIACOM SHARES (A AND B).
WHERE IS THE OUTRAGE FROM BARCLAYS GLOBAL AND AXA WHO OWN 21.28% OF CBS SHARES.
THERE IS NONE BECAUSE THAT’S THE AMERICAN WAY (UNFORTUNATELY.
SINCE DEDSTONE CONTROLS BOTH COMPANIES ONLY THE BORED OF PUPPETS OF BOTH COMPANIES CAN GET RID OF DEDSTONE.
All they need to do is make a CSI movie with Jerry and they will have a hit film franchise. Duh.