Universal Pictures

Posted on April 13, 2016 by Yeagee Jung

UNIVERSAL STUDIOS

100 Universal City Plaza
Universal City, CA 91608

www.universalstudios.com

HISTORY

Universal Studios was founded by Carl Laemmle, Mark Dintenfass, Charles O. Baumann, Adam Kessel, Pat Powers, William Swanson, David Horsley, Robert H. Cochrane and Jules Brulatour. Following the boom of film studios of the time, Universal Studios became a vertically integrated company, linking movie production, exhibition, and distribution all into one corporate entity. Universal ranks among the “Big Six” film studios and is a subsidiary of NBC Universal who indirectly belong to Comcast, a huge media conglomerate. They’ve produced films such as Jurassic World which grossed at $651,926,506 making it the fourth highest grossing film of all time domestically and worldwide [15].

KEY EXECUTIVES

—Donna Langley, Chairman, Universal Pictures – Source: Forbes [16]

—Jeff Shell, Chairman (Filmed Entertainment), Universal Pictures – Source: BBG [17]

FINANCIALS

While Universal Studios is a privately traded company, Comcast is its parent company and they are publicly traded. In the most recent quarterly report, Universal cited a revenue increase of 25.8% to $1.6 billion compared to $1.3 billion in the previous year. There was a 74.9% increase in home entertainment revenue drive by the strong performances of Jurassic World and the Minions and Universal has cited an upward trend of revenue into the 2016 year. Earnings per share increased 6.8% with the value being held at $0.79 compared to the $0.74 reported in the fourth quarter of the previous year [7].Universal Studios is currently 5th place in terms of top grossing film companies with a market share of 7.7% and a total gross of $252.4 billion [12]. They hold an average of $36,054,255 per release for its 7 releases so far in 2016. Their top grossing release is Ride Along 2 which cited a total gross of $90,862,685 which exceeded their budget of $40 million [11]. Universal Studios is planning 15 releases for the rest of the 2016 year with the genres being split roughly in half between comedy and horror [13].

IN THEATERS

—The Boss (2016) [19]

The Boss

The Boss is another one of Melissa McCarthy’s slapstick style comedy movies and was released on April 8th, 2016. The opening weekend of The Boss beat out Batman V Superman by a mere $45,000 proving McCarthy’s star power as a movie she stars in tops another $20+ million opener. The movie opened its weekend with a total gross of $23.48 million with a reported budget of $29 million [1]. The second weekend saw a larger-than-expected 57.8% drop, but still remained in the top five grossing movies that week. The longevity of the movie may extend a little more seeing as the next R-rated comedy doesn’t release until around late May with Neighbors 2 [3].

—The Huntsman: Winter’s War (2016) [20]

The Huntsman: Winter’s War

The sequel to Snow White and the Huntsman, which grossed a total of $396.6 billion, called The Huntsman: Winter’s War was released on April 22, 2016. It charted at number 2 behind Jungle Book, even though Jungle Book was in its second week of circulation [2]. The Huntsman: Winter’s War earned a total of $20,080,000 in its opening weekend domestically and $80,200,000 internationally, proving the series popularity in the foreign market. With an estimated budget of $20 million, it brought in approximately 36% of the opening weekend total of its predecessor. The audience skewed 61% female and 39% male with 47% of the audience being over the age of 30. Comparatively, Snow White and the Huntsman attracted a much more evenly distributed gendered audience with about 53% of them being female [14]. Looking forward, it’s unlikely that the movie will reach an overall domestic cume of $55-60 million off their reported budget of $115 million.

SPRING/SUMMER 2016 RELEASES

Neighbors 2: Sorority Rising

Neighbors 2: Sorority Rising is an R-rated comedy sequel to the popular Neighbors movie starring Zac Efron and Seth Rogen. Director Nicholas Stoller has said that the sequel was actually inspired by “Toy Story 2“. The film has a bigger budget than the previous one and is expected to focus of different aspects of college greek life. The movie is slated for release on May 20, 2016 [23].

The Purge: Election Year

The Purge: Election Year is also another movie in the series of Purge movies slated for release on July 1, 2016. The movie is third in the series and will follow Senator Charlene Roan played by Elizabeth Mitchell and her head of security Leo Barnes played by Frank Grillo as they escape those looking to kill them for the night. Director of the first two films, James DeMonaco, has agreed to return to direct this third installment [22].

FUTURE FOR UNIVERSAL PICTURES

Following competition from other big name companies like Paramount and Warner Bros, Universal Pictures has invested into turning a selection of its movies in 4K Ultra HD this summer. The upcoming Warcraft and Jason Bourne movies will pioneer the format along with UHD versions of Everest, Lucy, and Lone Survivor [6]. The home entertainment movie sector will offer an enhanced selection of new release and catalog titles mastered in Dolby Vision™ and plans to makes all titles available in 4K Ultra HD Blu-Ray and 4K Ultra HD digital formats by the end of 2016 [8].

—Jurassic World 2 teaser poster [18]

In terms of future releases, Universal will be continuing on the success of Jurassic World, the movie that brought in $1.6 billion dollars, and produce the sequel which has a release date of June 22, 2018. The director for the sequel was just announced on April 18th, 2016, to be J.A. Bayona, a Spanish filmmaker who make a name for himself through his tsunami drama The Impossible [5]. Chris Pratt and Bryce Dallas Howard, the stars of Jurassic World, are expected to reprise their roles for the follow-up film.

The Chinese media company, Perfect World Pictures, announced their plan to co-finance up to 50 movies, or movies for a time span of five years, for $500 million with Universal Pictures in an effort to diversify into the English-language film sector [4]. The president, Rong Chen, stated that an even larger phase of investment into Hollywood will follow the deal with Universal this year. Sources familiar with the deal states that Perfect World’s investment would get it a 25% share of most, but not all, of the films released by Universal [9]. This marks the first time a non-state-owned enterprise entertainment company from China will be working directly with a major U.S. studio. In addition, this will be the first time a Chinese company will invest in a multi-year deal with a major U.S. studio [10].

SOURCES

[1] Brevet, Brad (April 10, 2016) Melissa McCarthy’s ‘The Boss’ Narrowly Tops ‘Batman V Superman’ for Weekend #1. Box Office Mojo. Retrieved April 23rd, 2016.

[2] Mendelson, Scott (April 24, 2016) Weekend Box Office: ‘The Huntsman’Opens 64% Lower Than ‘Snow White And The Huntsman.’ Forbes. Retrieved April 25rd, 2016.

[3] Brevet, Brad (April 21, 2016) ‘Jungle Book’ To Repeat at #1 Over ‘The Huntsman: Winter’s War.’ Box Office Mojo. Retrieved April 23rd, 2016.

[4] Brzeski, Patrick (April 21, 2016) China Exec Who Put $500M Into Universal Pictures Says “More To Come.” The Hollywood Reporter. Retrieved April 23rd, 2016.

[5] Kit, Borys (April 18th, 2016) ‘Jurassic World’ Sequel Finds Its Director. The Hollywood Reporter. Retrieved April 23rd, 2016.

[6] Palladino, Valentina (April 20th, 2016) Universal Pictures to release 4K Blu-ray movies, starting with Jason Bourne. ArsTechnica. Retrieved April 23rd, 2016.

[7] Comcast Fourth Quarter 2015. Comcast. Retrieved April 23rd, 2016.

[8] Unknown (April 19th, 2016) Universal Pictures Home Entertainment Unveils First 4K Ultra High Definition Offerings. PR Newswire. Retrieved April 23rd, 2016.

[9] Faughnder, Ryan (February 17, 2016) China’s Perfect World invest up to $450 million in Universal film slate. Los Angeles Times. Retrieved April 23rd, 2016.

[10] Petski, Denise (February 17th, 2016) Universal & China’s Perfect World Confirm 50 Film Funding Deal. Deadline. Retrieved April 25th, 2016.

[11] Ride Along 2. Box Office Mojo. Retrieved April 25th, 2016.

[12] Studio Market Share. Box Office Mojo. Retrieved April 25th, 2016.

[13] Box Office by Studio: Universal. Box Office Mojo. Retrieved April 25th, 2016.

[14] Brevet, Brad (April 24, 2016) ‘Jungle Book’ Repeats, ‘Huntsman’ Falls On His Axe and ‘Zootopia’ Tops $900M Worldwide. Box Office Mojo. Retrieved April 25th, 2016.

[15] Universal Studios. Comcast. Retrieved April 25th, 2016.

[16] Donna Langley. Forbes. Retrieved April 25th, 2016.

[17] Jeff Shell. BBG. Retrieved April 25th, 2016.

[18] Jurassic World Sequel Teaser. Twitter. Retrieved April 25th, 2016.

[19] The Boss. IMDB. Retrieved April 25th, 2016.

[20] The Huntsman: Winters War. IMDB. Retrieved April 25th, 2016.

[21] Youtube: Neighbors 2: Sorority Rising. Youtube. Retrieved April 25th, 2016.

[22] Youtube: The Purge: Election Year. Youtube. Retrieved April 25th, 2016.

[23] Jogwar, Sangati (April 13, 2016) ‘NEIGHBORS 2: SORORITY RISING’ INSPIRED FROM ‘TOY STORY 2’ AND ‘MAD MAX.’ Movienewsguide. Retrieved April 25th, 2016.

Universal Pictures

Posted on October 5, 2014 by jprooney

by John Rooney

Universal Pictures logo [17]

Location: 100 Universal Plaza, Universal City, California 91608

Web: http://www.universalpictures.com

History

Universal Pictures, Inc. was founded in 1912 by filmmaking partners Carl Laemmle and Robert Cochrane. As the oldest American film studio, Universal maintains its status as a powerhouse in the world of movie production and distribution. The studio is part of NBCUniversal, which is altogether owned by Comcast. [1] In its over one-hundred years of history, the studio has produced dozens of beloved classics such as Jurassic Park, E.T. and Jaws.

Key Executives [2]

Donna Langley, Chairman, Universal Pictures

Donna Langley, Chairman Universal Pictures [2]

Promoted to chairman in September of 2013, Langley has the task of overseeing all film production for Universal Pictures and Focus Features.

Jeff Shell, Chairman, Universal Filmed Entertainment

Jeff Shell, Chairman,
Universal Filmed Entertainment [2]

Shell took over in September of 2013. He came from Comcast, where he previously was the head of Universal International. He is in charge of worldwide operations for the film studio.

Ron Meyer, Vice Chairman, NBCUniversal

Ron Meyer – www.nbcumv.com [2]

Also appointed in September of 2013, Meyer’s job is to oversee all operations and planning for the company from films to theme parks.

Finances

Universal finished 2013 in third place in terms of revenue, just behind Warner Brothers and Disney. The studio also saw its largest worldwide revenue ever, $3.67 billion ($1.42 billion domestic, $2.25 billion international). This was a considerable increase from the $3.13 billion the studio made in 2012. Films such as Identity Thief, The Purge, and Mama helped the studio achieve such success. [3]

In 2013, Universal broke the $2 billion revenue mark in the international market for the first time ever. Fast & Furious 6, another huge film for Universal, opened at number one in 65 international territories and gave the studio it biggest opening weekend ever. Other films such as Despicable Me 2 and Oblivion helped throw Universal into the global spotlight. [4]

Competition

For years, some of Universal’s main competition has been other large film studios such as Disney, Warner Brothers, Fox, and CBS. [5] However, another large area of competition for Universal and other film companies is movie and TV streaming software such as Netflix and Hulu. A consumers ability to stream content online from a subscribed service is sure to hurt DVD sales. Additionally, online streaming companies have been making all sorts of business ventures in order to create and sell their own original content. [6]

Recent Film Releases

Neighbors

Neighbors [7]

An R-rated comedy from Good Universe, Neighbors is a hilarious account of a young husband and father’s struggles to peacefully coexist with a reckless group of fraternity brothers. The film stars Seth Rogen and Zac Efron, with Rose Byrne and Dave Franco in supporting roles. It was directed by Nicholas Stoller, who is famous for other projects such as Forgetting Sarah Marshall and Get Him to The Greek. The film received positive reviews for the most part, earning a 73% from the top critics at “Rotten Tomatoes”. [7]

The movie opened on May 9, 2014. It saw a successful first weekend with opening revenue at about $49 million. The film raked in about $150 million domestically and $180 million internationally, with a total gross of over $286 million. [8]

The Purge: Anarchy

The Purge: Anarchy [9]

A sequel to the 2013 thriller The Purge, The Purge: Anarchy follows a group of diner employees as they fight to survive the annual “Purge”, a night where all crime is legal across America. Written and directed by James DeMonaco, the film stars Frank Grillo, Kiele Sanchez, and Zach Gilford. The film received mixed reviews, with critic’s complaints focused mainly on flaws in the writing. [9]

The film was released on July 18, 2014 and saw an opening weekend revenue of nearly $30 million. It earned nearly $72 million domestically and about $38 million internationally, for a total of almost $111 million in revenue. In comparison to its predecessor, The Purge: Anarchy did not open as strongly, but earned about $22 million more in total revenue. [10]

Dumb and Dumber To

Dumb Dumber To [11]

The long awaited sequel to the 1994 Farrelly Brothers comedy Dumb and Dumber, Dumb and Dumber To presents the mindless antics of Harry and Lloyd once again as they set out on a mission to find Harry’s daughter. The film stars the comedy duo of Jim Carrey and Jeff Daniels and was directed by J.B. Rodgers and Bobby Farrelly. The movie has not fared very well with critics in its first two weeks, with many saying that its brand of humor is not as fun and fresh as it used to be. [11]

The first Dumb and Dumber was wildly successful for Universal, snagging over $247 million worldwide. It’s prequel Dumb and Dumberer: When Harry Met Lloyd was a huge box office flop, earning just over $39 million. Universal has commonly found success in sequels and film franchises. Dumb and Dumber To opened on November 14, 2014 in 3,154 theaters with an opening revenue of just over $36 million, giving it the #1 spot for the weekend. Thus far the film has made $67 million in the U.S. and $20 million in the international box office, adding up for a total of almost $88 million. [12]

What’s Next From Universal Pictures

Fifty Shades of Grey

50 Shades of Grey [13]

Based on the wildly popular romance novel of the same name, Fifty Shades of Grey tells the story of the masochistic relationship between a wealthy business man and one of his young female employees. The movie stars James Dornan and Dakota Johnson and is directed by Sam Taylor-Wood. The Focus Features film has completed production, and it set to make its wide release on February 13, 2015. [13]

Jurassic World

Jurassic World [14]

Universal hopes to continue its trend of successful sequels and film franchises with Jurassic World, the fourth installment of the Jurassic Park series. It will be starring Chris Pratt and Bryce Dallas Howard, with Colin Trevorrow as director and Steven Spielberg as executive producer. The film has been in development since 2001, and was originally set to be called Jurassic Park IV. Shooting began last April in locations such as Hawaii and New Orleans. The movie is currently in post-production and editing, and is set to release on June 12, 2015. [14]

Warcraft

Warcraft Poster [15]

In 2016, Universal will be adapting a video game to film for the first time in its history. Based on World of Warcraft, an immensely popular online gaming program, Warcraft is set to be an epic fantasy tale of good versus evil. The film has been in development since 2006 and is currently in production. British film star Toby Kebbel and Paula Patton have been casted as two of the lead roles. The movie will have its wide release on March 11, 2016. [15]

Steve Jobs Biography Film

On November 25, 2014, Universal bought the rights from Sony Corporation to produce a biography film on Apple Inc. co-founder Steve Jobs. It all be based on a biography by author Walter Isaacson entitled “Steve Jobs”. [16]

References

[1] http://www.history.com/news/the-renegade-roots-of-hollywood-studios

[2] http://deadline.com/2013/09/shocker-adam-fogelson-out-in-universal-shakeup-582309/

[3]http://www.hollywoodreporter.com/news/studio-smackdown-2013-warner-bros-668302

[4] http://www.comingsoon.net/movies/news/109124-universal-pictures-crosses-2b-mark-at-the-overseas-box-office-for-the-first-time

[5] http://www.hoovers.com/company-information/cs/competition.Universal_Studios_Inc.7a0e7231fca927ed.html

[6] http://money.cnn.com/2011/07/08/technology/netflix_starz_contract/

[7] http://www.rottentomatoes.com/m/neighbors_2014/

[8] http://boxofficemojo.com/movies/?id=townies.htm

[9] http://www.rottentomatoes.com/m/the_purge_anarchy_2014/?search=the%20purge%20anarchy

[10] http://boxofficemojo.com/movies/?id=purge2.htm

[11] http://www.rottentomatoes.com/m/dumb_and_dumber_to/