CBS might get into film biz
CBS topper Leslie Moonves dropped some hints Tuesday that his company may be thinking about getting into the film biz.
At an investor confab in Santa Monica, he told the audience that “if you have a disciplined movie operation … it’s something that might be fun, as content gets used over and over again.”
He laid out some economics, such as running “a disciplined movie operation” in which budgets were capped at $50 million, and collecting market value for output deals on CBS-owned Showtime and the Eye net, as well as coin from DVD and international sales.
“It might be an interesting business to get into,” he said.
Moonves has dropped similar hints before, and some have speculated he could get into the pic biz to differentiate his company from former sibling Viacom, which kept Par in the Viacom breakup.
But the specifics at an investor conference suggest Moonves is becoming more interested in floating a trial balloon — or screening a sneak preview — to see what Wall Street thinks.