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

CBS Films will be folded into CBS Entertainment Group over the next 12 months, Variety has learned.Before that change takes place, the company is committed to releasing its next four scheduled films in theaters.

They include “Five Feet Apart,” “Scary Stories to Tell in the Dark,” “Pavarotti,” and “Lexi.” Several of these movies are being distributed through the company’s partnership with Lionsgate.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’s 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.“As part of our ongoing optimization of CBS operations, CBS Films will be folded into the larger

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