Around the Net
CBS, Avoid The Movie Biz
- BuzzFeed, Thursday, May 2, 2013 4:52 PM
"Memo to CBS boss Les Moonves: stay away from the movie business," recommends Peter Lauria. "There's been a lot of talk in entertainment circles lately about CBS, the lone major media company to lack a big Hollywood film studio, getting into the movie business, most of it coming from the lips of Moonves himself," he writes. "Though there are currently no talks with Sony taking place, acquiring a major studio would instantly transform CBS into a Hollywood player on par with its big five media brethren —Time Warner, News Corp, Disney, Viacom, and Comcast. But based on the earnings results of the movie studios, perhaps that's something CBS might want to avoid."
