{"id":8758,"date":"2013-04-07T23:15:24","date_gmt":"2013-04-08T03:15:24","guid":{"rendered":"https:\/\/bejone03.expressions.syr.edu\/trf235\/?p=8758"},"modified":"2013-04-13T16:38:06","modified_gmt":"2013-04-13T20:38:06","slug":"cbs-films-3","status":"publish","type":"post","link":"https:\/\/bejone03.expressions.syr.edu\/trf235\/2013\/04\/07\/cbs-films-3\/","title":{"rendered":"CBS Films"},"content":{"rendered":"
by Nicholas Ferreiro<\/pre>\n
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\"CBS<\/a>
CBS Films logo [1]<\/a><\/p><\/div>CBS Films, is a film studio company that handles many areas of development, including film production, distribution, financing and marketing. It is owned by CBS Corp.<\/a> and was founded by Les Moonves<\/a> in 2007. Since its creation, CBS Films has released ten films, including “The Woman in Black,” “The Back-Up Plan,” and “The Mechanic” [2]<\/a>[3]<\/a>[4]<\/a>.<\/dt>\n<\/dl>\n<\/div>\n
 <\/p>\n
Executives<\/strong><\/span><\/h1>\n
Terry Press, Co-President<\/strong><\/h2>\n
\"Terry<\/a>
Terry Press, Co-President of CBS Films [5]<\/a><\/p><\/div>\n
Terry Press was named Co-President of CBS Films in April 2012.\u00a0As Co-President, she oversees creative aspects of the company including initial development, marketing, production and distribution.\u00a0Before joining the company, Press worked at 7570 Marketing Inc. where she worked as a marketing consultant on many CBS Films\u00a0[5]<\/a>.\u00a0She also had success working as a consultant on both “The Social Network” and “The Hunger Games” [6]<\/a>.<\/p>\n
Wolfgang Hammer, Co-President<\/h2>\n
\"Wolfgang<\/a>
Wolfgang Hammer, Co-President of CBS Films [7]<\/a><\/p><\/div>Wolfgang Hammer was also named Co-President of CBS Films in April 2012, in conjunction with Terry Press. As Co-President, Hammer uses his “savy” negotiating skills in acquisitions and also oversees the company’s business, finance and legal affairs [6]<\/a>.\u00a0Before working at CBS Films, Hammer was Executive Vice President at Lionsgate<\/a> [7]<\/a>.<\/p>\n
<\/h1>\n
Finance<\/strong><\/span><\/h1>\n
CBS Corp. reported record numbers for the fourth quarter of 2012. Since the fourth quarter of 2011, revenue rose 2% ($3.7 billion), operating income rose 12% ($726 million) and adjusted EPS rose 14% ($0.64). Les Moonves<\/a>, CEO of CBS Corp.<\/a>, has even higher expectations for next year [8]<\/a>.<\/p>\n
Both of CBS Films’ most recent films, “Seven Psychopaths” (October 2012) and “The Last Exorcism Part II” (March 2013), earned back their respective production budgets. “The Last Exorcism Part II” actually brought in over three times its original production budget ($15 million made versus $5 million budget) [9]<\/a>.<\/p>\n
<\/h1>\n
Ne<\/strong>w<\/strong> Releases<\/strong><\/span><\/h1>\n
The Last Exorcism Part II<\/strong><\/h2>\n
CBS Films released its horror-film, “The Last Exorcism Part II,” on March 1st, 2013. It took in over $7.7 million on its first weekend (2,700 theaters) and grossed over $15 million in its remaining five weeks [10]<\/a>. Despite earning back its production budget, the film was poorly received, having just a 13% critic rating and 35% audience rating on Rotten Tomatoes<\/a>\u00a0[11]<\/a>.<\/p>\n