Universal Pictures

By Luke Lamble
Universal Pictures logo

Universal Pictures logo

History

Founded in 1912, Universal Pictures, Inc. is the oldest American movie studio and continues to be a leader in the world of motion picture production and distribution. [1] In 2004, General Electric bought Universal Pictures. [2] GE sold all of its control of Universal in 2011 to the cable provider, Comcast, creating NBCUniversal.  Universal Pictures still operates as the movie production subsidiary. [3] In 2012 alone, Universal has produced a diverse selection of award-winning movies such as the film production of Les Misérables and the comedy hit, Ted. [4]

Key Executives [5]

Ron Meyer (www.nbcumv.com)

Ron Meyer (nbcumv.com)

Ron Meyer – Vice Chairman, NBCUniversal

Meyer served as President and COO of Universal Pictures since 1995 before being made Vice Chairman of NBCUniversal in September 2013.  He currently oversees all facets of the company, while still managing its portfolio of film assets amongst others

Donna Langley (nbcumv.com)

Donna Langley (nbcumv.com)

Donna Langley – Chairman, Universal Pictures

Langley began working at Universal in 2001 as the senior vice president of production.  After being named Chairman of Universal Pictures in September 2013, she assumed the role of overseeing the production and distribution of the company’s feature films.

Suzanne Cole (nbcumv.com)

Suzanne Cole (nbcumv.com)

Suzanne Cole – Executive VP, Media, Universal Pictures

Since the beginning of her tenure at Universal Pictures, the studio has experienced some of its most lucrative successes.  Because of this success, Cole was named Executive Vice President of Media in 2008.  She now oversees all strategic activities for the marketing and distribution of the studio’s feature films.

Financials (all numbers in millions)

Recent years have been good for Universal Pictures and its parent NBCUniversal.  From 2011 to 2012, revenue for NBCUniversal grew by almost $5,000, from $19,028 to $23,812.  Filmed entertainment was responsible for approximately 21% of the total revenue in 2012, generating $5,159.  That was up from $4,239 generated by Universal Pictures in 2011. [6]

NBCUniversal logo

NBCUniversal logo

In regards to how Universal Pictures measured up against the five other major movie studios, so far in 2013, Universal holds a 14.6% market share amongst all the studios, placing it second behind Warner Brothers.  This year Universal Pictures has grossed $1,329.3 from the release of 13 movies. [7]

Competition

The main concern for NBCUniversal and Universal Pictures right now is the new technologies that are affecting traditional media production and distribution methods.  This is referring mainly to companies like Netflix and Hulu that syndicate video programming online.  A growing concern is that these companies and others like them are beginning to create and obtain their own original content. [8]

Recent Film Releases

Universal Pictures has developed a reputation for having great success with movie franchises with such iconic franchises such as Back to the Future, Jurassic Park, and the Bourne series. [9] In 2013, Universal stuck with this trend and reaped the benefits of new installments in the Despicable Me and Fast & Furious series, amongst an eclectic mix of other successful films. [10]

The Best Man Holiday

A sequel to 1999’s The Best Man, The Best Man Holiday picks right up with the old college friends from the The Best Man, as they all reconvene for some Christmas celebrations.  Amidst all the fun times, sparks of old romances begin to rekindle and old rivalries that had faded away over time arise again.  Taye Diggs, Terrence Howard, Morris Chestnut, Monica Calhoun, and Regina Hall star in this quintessential holiday comedy-drama written and directed by Malcolm D. Lee. [11]

The Best Man Holiday (vibe.com)

The Best Man Holiday (vibe.com)

Released on November 15, 2013, in just three days The Best Man Holiday has nearly doubled its budget so far, bringing in $32,536,350.  That’s also $6.5 million over the $24 million it was projected to earn. [12] Tagged as “just another black comedy,” The Best Man Holiday has not only offered more evidence that generally black films can succeed, but that this is no typical movie by any sense, except for the fact that it is generally crowd-pleasing.  (No particular race or age group dominantly represents itself in the film’s audience demographics).  In fact, CinemaScore even gave the movie an A+, an extremely rare feat for any film. [13]

Despicable Me 2

Gru (Steve Carell), a former master villain, has settled into family life after adopting and coming to love his three daughters, but peace and quiet is not lasting for the villain-turned-hero, as he is called upon to save the world from a new super-villain.  And just as the world needs Gru’s help, so does his eldest daughter who has fallen for a classic bad-boy and an inevitable source of heartbreak.  Kristen Wiig and Benjamin Bratt star alongside Carell in this story of one former villain’s attempt to be a hero for the world and for his own family. [14]

Despicable Me 2 (ropeofsilicon.com)

Despicable Me 2 (ropeofsilicon.com)

 

The original Despicable Me (2010) was a tremendous release for Universal, ranking seventh all-time amongst its highest grossing movies by bringing in $251,513,985 domestically.  On July 3, 2013, Despicable Me 2 was released and has shattered that record, becoming the all-time highest grossing movie for Universal Pictures with $365,943,520 of domestic revenue.  This income has far surpassed the film’s production budget of $76 million, and that’s not even factoring in its performance in the worldwide box office.  To the delight of the studio, 60.1% of the movie’s total revenue came from foreign releases, grossing $550,100,000 worldwide.  All in all, Despicable Me 2 has brought in $916,043,520 for Universal Studios, and subsequently, is still playing in 305 theaters across the U.S. [15]

Fast & Furious 6

The very CIA agent who has been trying to track them down in order to defeat a new crew of criminal drivers who are causing chaos in twelve countries across the world calls upon refugees of the law.  In an effort to be pardoned from the charges against themselves, Dom and Brian (Vin Diesel and Paul Walker) get their old gang of expert drivers back together to take to the streets of London and defeat these mercenary drivers.  Vin Diesel, Paul Walker, and Dwayne “The Rock” Johnson star in this pedal-to-the-metal thriller. [16]

Fast & Furious 6 (teaser-trailer.com)

Fast & Furious 6 (teaser-trailer.com)

The sixth film in the Fast & Furious series was the most successful installment to date for the studio, becoming its ninth highest grossing film of all time, and reaping in the most revenue of all the Fast & Furious films. Fast & Furious 6 generated $238,679,850 for Universal, making it the second highest grossing film of 2013 behind Despicable Me 2.  In the worldwide box office, Fast & Furious 6 brought in another $550 million, bringing its total gross to a lofty $788,659,850.  Given the $160 million budget, Universal Pictures had another major box office winner with this film. [17]

What’s to Come from Universal Studios

Fast & Furious 7

Fast & Furious 7 (hitfix.com)

Fast & Furious 7 (hitfix.com)

Just a little over a year after Fast & Furious 6 came out, the seventh is already on its way, slated for a July, 2014 release date.  This time, the brother of the defeated world-criminal from Fast & Furious 6 has come onto the scene seeking revenge for his brother’s death. [18]

Ted 2

Ted 2 (collider.com)

Ted 2 (collider.com)

Universal Pictures also has plans to release the sequel to its wildly successful, raucous comedy Ted.  However, Universal did not produce the original, but acquired the rights to it and distributed it as a Universal Pictures film.  Despite not having the rights yet, the studio is confident it will be able to secure them and go forward with production of the sequel. [19]

 

 

 

 

 

Sources

[1] Universal Pictures History

[2] NBC and Vivendi Universal Entertainment Unite to Create NBC Universal

[3] Comcast Completes Acquisition of GE’s 49% Stake In NBCUniversal

[4] About Universal Pictures

[5] NBCUniversal Film Executives

[6] NBCUniversal 2012 Annual Report

[7] 2013 Studio Market Shares

[8] NBCUniversal 2012 Annual Report

[9] Movie Franchises by Studio

[10] Universal Pictures’ 2013 Movie Releases

[11] The Best Man Holiday Plot Summary

[12] The Best Man Holiday Box Office Performance

[13] The Best Man Holiday Performance Analysis

[14] Despicable Me 2 Plot Summary

[15] Despicable Me 2 Box Office Performance

[16] Fast & Furious 6 Plot Summary

[17] Fast & Furious 6 Box Office Performance

[18] Dwayne Johnson Tweets Fast & Furious 7 Photo

[19] Ted 2 Scheduled Release

Comcast/NBCUniversal

By Montana McBirney

OB-VQ263_1210nb_G_20121210202225

Comcast/NBCUniversal Logo [1]

What is Comcast/NBCUniversal?

Comcast/NBCUniversal is one of the leading companies in the fields of media, entertainment, and technology. It is under the Comcast Corporation (Nasdaq: CMCSA, CMCSK). This company owns and operates television networks, theme parks, film companies, a sports firm, television stations, and a video, Internet, and phone provider to residential customers and business [2]. The company is essentially split up into two businesses: Comcast Corporation and NBCUniversal.

nbcuniversal

NBCUniversal Logo [9]

NBCUniversal owns NBC cable networks like Bravo, E!, and MSNBC. NBC Broadcast television has NBC entertainment, news, and sports. NBC Universal also owns television stations in New York, Philadelphia, Washington, and many other markets. Telemundo is also under the umbrella of NBCUniversal, along with Universal Television [3].

How did Comcast/NBCUniversal Come Together?

In 1926, the Radio Corporation of America (RCA) formed NBC. At the New York World’s Fair in 1939, NBC unveiled the television and broadcasts [4]. After General Electric became it’s parent company in 1986, NBC had many successful years critically. In 2002, they bought the Spanish language broadcaster Telemundo and Bravo and a year later NBC merged with Vivendi Universal Entertainment to become NBCUniversal [5]. In 2011, Comcast purchased the controlling 51% of NBCUniversal from General Electric for $13.8 billion.

Who are the Faces of Comcast/NBCUniversal?

Comcast NBCUniversal

CEO NBCUniversal Stephen B. Burke [7]
CEO Comcast Corporation Brian L. Roberts [8]

 What Does Comcast/NBCUniversal Own?

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The picture above [10] illustrates the cable and broadcast channels that Comcast/NBCUniversal owns, along with the digital, film, and park entities that it owns. Evidenced by the many cable channels it owns, the company is focused it’s efforts on the surging cable industry. In a visit to Syracuse University’s S.I. Newhouse School of Public Communications, CEO Brian Roberts said that, “the world is changing,” and that, “in terms of profit, cable makes more money.” He did say however that NBC is still the engine for their company and it just as much of a focus as the cable channels are [11]. NBC also owns ten stations across the United States in places like New York, Los Angeles, and Chicago. They also own 14 Telemundo stations in places like Miami, Houston, and San Antonio [21].

What is Comcast/NBCUniversal Doing Today?

In the ratings game,MV5BODAxNzU5MzMyNl5BMl5BanBnXkFtZTcwMjEzODAwOQ@@._V1_SY317_CR9,0,214,317_ NBC won November sweeps for the first time in nine years. However, in February, NBC hit a new low, coming in fifth place in sweeps. Averaging a 1.2 rating among adults 18-49 put them behind Univision‘s 1.5 rating [23]. With shows like “Do No Harm” [34] preforming with dismal numbers (0.9/3), NBC started off badly. They cancelled the show after airing only two episodes [24].

30-rock-series-finale-airs-tonight-tracy-morgan-baby-news

[28]

NBC’s critically acclaimed comedy “30 Rock,” ended its seventh and final season on January 31st this year. Over the many season, “30 Rock” received a whopping 90 Emmy nominations [22]. Often on the show, Tina Fey and her fellow writers wrote what was exactly happening in their life into the show. General Electric employees and “KableTown” executives frequently appeared.

In February, Comcast also made a huge deal with General Electric to buy the remaining half of NBCUniversal earlier than intended. For $16.7 billion, Comcast now has entire control over NBCUniversal. This shows Comcast’s newly energized commitment to cable and broadcast television [25].

Recently, NBC has been going through some shake ups with ratings and hosts. “Today” lost out on ratings to ABC’s “Good Morning America.” Matt Lauer has a contract expiring soon that is also up in the air [26]. The Jimmy Fallon Jay Leno 660 Reutersmost recent problem has been how NBC handled the Jay Leno – Jimmy Fallon debacle (pictured right [29]). After months of rumors, NBC announced Jay Leno would retire in the spring of next year, with Jimmy Fallon resuming his spot as host of “The Tonight Show” [27].

Also, in February, it was announced that David Axelrod, previous chief strategist to President Barack Obama’s recent campaign, would join NBC News as a senior political analyst [35].

What is Next for Comcast/NBCUniversal?

Comcast/NBCUniversal is preparing for the end of a legendary show, for new summer shows to be released, and for the upcoming Fall 2013 pilot season.

the-office-season-9

[32]

NBC’s “The Office” will be ending it’s run on Thursday, May 16th at 9p.m. Since 2005, “The Office” has collected Emmy’s, Golden Globes and many other awards in its amazing 9 season run [13].

NBC is beginning it’s summer roll out with Bryan Fuller’s “Hannibal” which averaged a 1.6 rating/4share in adults 18-49 in its premiere on Thursday, April 4. The show got 4.3 million viewers overall, which are not great numbers but good enough considering it’s lead in was the comedy “Go On” [12]. The video below is a season preview for the new show [18].

On Tuesday, April 9th, “Ready for Love,” a relationship show with three bachelors will premiere, with Eva Longoria as Executive Producer [14] will premiere. “America’s Got Talent” will be premiering its 8th season on June 4, with new judges Mel B and Heidi Klum appearing on July 10th [15].

NBC is also scheduled to premiere their new dramedy “Camp” from creators Liz Heldens and Peter Elkoff, starring “Six Feet Under” actress Rachel Griffiths. It is about Little Hawk family Camp and the parents and kids that inhabit it [16]. “Crossing Lines” is another series scheduled for summer 2013 starring William Fichtner and Donald Sutherland [17].

WWRLD_300Comcast/NBCUniversal’s cable networks are preparing for the future as well. The E! network is premiering a new reality show about US gold medalist swimmer Ryan Lochte called “What Would Ryan Lochte Do?”. It premieres April 21st at 10pm [19]. Bravo is premiering “Million Dollar Listing,” “Newlyweds The First Year,” and the ever so popular “Real Housewives of New Jersey,” all in the upcoming months [20].

MV5BMTcwMDM5ODUwOF5BMl5BanBnXkFtZTYwMzEwOTI4._V1._SY314_CR12,0,214,314_

John Malkovich [33]

Over the past few months, NBC has been green lighting and shooting upcoming fall pilots for the 2013 season. With 24 pilots (15 comedies and 9 dramas) NBC has the most of any major network. Some of the most anticipated include “About A Boy” from “Parenthood” creator Jason Katims, “Untitled John Mulaney/Lorne Michaels” comedy from the two previously named, along with “The Office” vet Craig Robinson’s untitled comedy [30]. For drama, “Hatfields & McCoys,” starring Virginia Madsen, “Wonderland,” a modern set Alice and Wonderland, and “Crossbones,” which John Malkovich recently signed onto [31].

Works Cited

[1] NBC Peacock Spreads Wings Over Comcast. http://online.wsj.com/article/SB10001424127887324478304578171611450891682.html

[2] Comcast Corporate. http://corporate.comcast.com/news-information/company-overview

[3] NBCUniversal About Us. http://www.nbcuni.com/corporate/about-us/

[4] Museum of Broadcast Communications: NBC. http://www.museum.tv/eotvsection.php?entrycode=nationalbroa

[5] Timeline: NBC and Universal. http://www.reuters.com/article/2009/12/03/us-nbc-comcast-timeline-idUSTRE5B22SO20091203

[7] NBCUniversal’s Senior Executives. http://www.nbcuni.com/corporate/management/senior-corporate-executives/

[8] NBCUniversal’s Board of Directors. http://www.nbcuni.com/corporate/management/board-of-directors/

[9] NBCUniversal logo. https://twitter.com/NBCUniversal

[10] NBCUniversal’s ownership table. www.dailywireless.org/2010/01/04/top-ten-digital-broadcasting-stories-of-the-decade/

[11] Montana McBirney’s notes on Brian Roberts’ visit to Newhouse.

[12] Hannibal Ratings. http://variety.com/2013/tv/news/no-big-ratings-bite-for-hannibal-in-premiere-but-nbc-has-seen-worse-1200333622/

[13] Office Ends its run. http://www.cnn.com/2013/02/07/showbiz/tv/office-series-finale-ew

[14] Ready For Love. http://www.nbc.com/ready-for-love/

[15] America’s Got Talent. http://tvbythenumbers.zap2it.com/2013/03/19/americas-got-talent-season-8-to-premiere-june-4-on-nbc/174051/

[16] NBC’s “Camp. http://www.deadline.com/2013/02/rachel-griffiths-to-topline-nbc-summer-series-camp-brent-sexton-joins-ironside/

[17] NBC Nabs “Crossing Lines. http://variety.com/2013/tv/international/nbc-nabs-crossing-lines-1200326311/

[18] Hannibal Preview. http://www.youtube.com/watch?v=BGYc2PJFV-E

[19] E! Shows. http://www.eonline.com/shows

[20] Bravo Shows. http://www.bravotv.com/shows

[21] NBCUniversal Contact Us. http://www.nbcuni.com/corporate/about-us/

[22] 30 Rock Bids Farewell. http://corporate.comcast.com/news-information/news-feed/30-rock-bids-farewell-after-seven-successful-seasons

[23] NBC Finishes Fifth. http://www.deadline.com/2013/02/nbc-sweeps-ratings-lastloses-to-univision/

[24] NBC Cancels Do No Harm. http://insidetv.ew.com/2013/02/08/nbc-cancels-do-no-harm/

[25] Comcast’s NBCUniversal deal. http://business.time.com/2013/02/14/comcasts-nbcuniversal-deal-as-one-media-era-ends-another-begins/

[26] Why Is “Good Morning America” Beating “Today.” www.newsday.com/entertainment/tv/tv-zone-1.811968/why-is-good-morning-america-beating-today-1.4819519

[27] Jimmy Fallon Takes Over “Tonight” http://www.latimes.com/entertainment/tv/showtracker/la-et-st-tonight-show-culture-jimmy-fallon-20130405,0,3091028.story

[28] 30 Rock’s Season Finale Airs. http://www.justjared.com/2013/01/31/30-rock-series-finale-airs-tonight-tracy-morgan-baby-news/

[29] Jimmy Fallon & Jay Leno photo. http://www.justjared.com/2013/01/31/30-rock-series-finale-airs-tonight-tracy-morgan-baby-news/

[30] TV Pilots 2013. http://www.hollywoodreporter.com/live-feed/tv-pilots-2013-complete-guide-413377

[31] John Malkovich to Star in NBC”s Pirate Drama. http://www.deadline.com/2013/03/john-malkovich-to-star-in-nbc-series-crossbones/

[32] The Office picture. http://www.officetally.com/the-office-season-9-poster

[33] John Malkovich photo. http://www.imdb.com/name/nm0000518/

[34] Do No Harm. http://www.imdb.com/title/tt2184980/

[35] David Axelrod joins NBCNews. http://theweek.com/article/index/240310/david-axelrod-joins-nbc-news-is-the-white-house-running-msnbc