Like ABC, CBS also wanted to have some control over their theatrical programming, so in 1979 they also setup their own films studio called CBS Theatrical Films.
CBS would have much less luck than ABC. The studio was more conservative when it came to budgeting, therefore it was the last studio most filmmakers would consider. While ABC produced Academy Award winning films like Prizzi's Honor and Silkwood, CBS Theatrical Films' biggest hit was the teen romp Better Off Dead. With a mostly forgotten and ignored slate of releases, CBS closed the production company quickly.
A new studio- CBS Films- was setup in 2010. The division has been slightly more successful.
