CBS executives are thinking about going into competition in the film business against its onetime corporate sibling, Viacom's Paramount, CBS Chairman Les Moonves told an investors conference in Santa Monica, CA Tuesday. "It's something that might be fun, as content gets used over and over again," he said. He added that movie production "might be an interesting business to get into" if it were "disciplined" -- with budgets below $50 million and deals in place for reuse on the CBS network, the CBS-owned Showtime pay-TV channel, DVD sales and international distribution. CBS and Viacom are controlled by Sumner Redstone's privately held National Amusements.
Not sure what stage of thinking they're in, but this could be a new outlet for the popular Tom Selleck Jesse Stone movies.