Lionsgate, the studio behind the "Hunger Games" franchise, is taking over distribution duties for wide releases from CBS Films.
The two companies have reached a three-year distribution deal for up to 12 movies produced or acquired by CBS Films, starting next year with the release of the teen comedy "The DUFF."
CBS Films, a division of CBS Corp., will continue to market its own major movies, while Lionsgate will oversee their release in movie theaters and in home entertainment, the companies said on Thursday. CBS will also continue to distribute its own limited releases.
Five CBS employees will be laid off, mostly among its...