Independent film distribution involves distributing films outside of major studios with lower budgets. These films are first shown at film festivals to get audience and critic opinions before being distributed to cinemas. Entertainment One is a Canadian entertainment company that operates in several countries and owns and distributes third party content through over 3,000 retail partners across physical and digital channels like theaters, DVDs/Blu-rays, TV, and downloads. CBS Films was created in 2007 as the film division of CBS Corporation and successfully distributes, develops and produces 4-6 $50 million budget films annually, with Sony having foreign distribution rights.