Postscript
Distribution of Cinema Center's films were transferred from National General Pictures to Warner Bros. in a November 1973 deal that also included those of First Artists Productions.[17]
CBS licensed 28 CCF films to Viacom in 1979 for $30 million.[18] Another look at Cinema Center Films found that it was profitable. Since its closure, its films had been generating income via network and pay TV ancillary markets,[19] thus CBS attempted another return to the theatrical film production business in 1982, with a unit known as CBS Theatrical Films, as well as with Tri-Star Pictures, the joint venture between CBS, HBO and Columbia Pictures. CBS closed down CBS Theatrical Films and dropped out of Tri-Star in 1985.[20]
CBS would later fall under common ownership with Paramount Pictures after being bought by Viacom (Paramount's parent since 1994 and originally the syndication arm of CBS) in 2000 (which CBS was majority-owned by National Amusements from 2000 to 2025). CBS and Viacom split again in 2006, with CBS becoming a unit of CBS Corporation, but both were still majority-owned by National Amusements. CBS eventually launched a new film unit independent of Viacom and Paramount in March 2007, called CBS Films (which Lionsgate took over CBS Films' U.S. distribution and global sales functions in 2015).[21] On December 4, 2019, CBS Films was folded into the main CBS Entertainment Group after releasing Jexi, at the same time CBS also announced that it will re-merge with Viacom to form ViacomCBS (now Paramount Skydance Corporation), reuniting CBS with Paramount.
According to FIlmink magazine CCF "has been regarded as a failure, and we guess it was, certainly financially, but also it wasn’t, because the studio’s track record wasn’t bad. Indeed, part of the scary thing about the Cinema Center Films story is that the people who ran it made a lot of smart decisions, weren’t incompetent, and turned out some decent movies, but still lost a truckload of money."[3]
