Its principal works were the situation comedy The Monkees (and the group of the same name), and the 1969 movie Easy Rider (co-produced with Peter Fonda's Pando Company).
Wishing to break into movie production, but lacking experience, Rafelson and Schneider used their Hollywood connections to get the chance to produce a pilot episode for a television series.
Unfortunately there was a falling-out between the two sides, with only Peter Tork showing up for the first day of filming, and by the time the completed movie was ready for release, the television series had been cancelled (after two seasons and two Emmy Awards), and the Monkees phenomenon appeared to be winding down.
Schneider and Rafelson distanced themselves from the band even during the shoot (pointedly playing records by other groups around the set), and promptly involved themselves in other projects, including Easy Rider.
A multi-disc boxed set entitled America Lost and Found: The BBS Story was released by The Criterion Collection on Blu-ray and DVD in 2010.