HBO Films (formerly called HBO Premiere Films and HBO Pictures) is an American production and distribution company founded in 1983 as a division of the cable television network HBO that produces feature films and miniseries. The division produces fiction and non-fiction works under HBO Documentary Films, primarily for distribution to their own customers, though recently the company has been funding theatrical releases.
HBO Films slates three or four films per year and develops most of them internally with theatrical films being distributed by Warner Bros. Pictures.
Background
After or around 1978, HBO was involved into preproduction financing films for exclusive pay-television rights, which was risky as the films could be unpopular while alienating movie studios.[1] The original Silver Screen Partners, L.P. was organized by Roland W. Betts, New York film investment broker to fund movies for HBO in 1982. The limited partnership sold through EF Hutton were oversubscribed and raised $83 million. HBO made a 50% guarantee on their investment for exclusive cable rights.[2]