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1 article from 2006

22 June 2006 | From Studio Briefing | See recent Studio Briefing news

CBS Chairman Les Moonves provided new details Wednesday about his company's plans to begin producing movies in the $20-50-million range. Speaking in New York at a PricewaterhouseCoopers media conference, Moonves said, "We literally can get into the movie business risk-free," pointing out that it could sell the films it makes to itself for airing on the network, on its Showtime pay-TV channel, and on international TV. The key to success, Moonves observed, was to avoid gambling on expensive blockbusters, like Superman or "$125-million movies." It would not be CBS's first foray into theatrical film production. In the early '80s, CBS Films produced such movies as the docudrama Harnessing the Sun, starring Joan Hackett; Martin Ritt's Back Roads, starring Sally Field and Tommy Lee Jones; and John Frankenheimer's The Challenge, starring Scott Glenn.

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1 article from 2006