Universal Pictures: Difference between revisions
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In 1946, Universal merged with [[International Pictures]], headed by Leo Spitz and William Goetz. This team ran the newly-formed [[Universal-International Pictures]], while Nate Blumberg and J. Cheever Cowdin remained at the helm of Universal Pictures, the parent company. In 1948, Universal-International ordered the destruction of all remaining silent film copies to collect the silver nitrate after World War II ended. In late 1951, Universal-International was acquired by Decca Records. | In 1946, Universal merged with [[International Pictures]], headed by Leo Spitz and William Goetz. This team ran the newly-formed [[Universal-International Pictures]], while Nate Blumberg and J. Cheever Cowdin remained at the helm of Universal Pictures, the parent company. In 1948, Universal-International ordered the destruction of all remaining silent film copies to collect the silver nitrate after World War II ended. In late 1951, Universal-International was acquired by Decca Records. | ||
In 1962, Music Corporation of America (MCA) purchased Decca Records and with it, Universal-International Pictures, leaving Milton Rackmil and Edward Muhl in charge, while Dr. Jules Stein (Board Chairman) and Lew Wasserman (President) guiding MCA. As a result of a consent decree with the justice department, MCA divested itself of its talent agency business. This led to Universal-International being renamed | In 1962, Music Corporation of America (MCA) purchased Decca Records and with it, Universal-International Pictures, leaving Milton Rackmil and Edward Muhl in charge, while Dr. Jules Stein (Board Chairman) and Lew Wasserman (President) guiding MCA. As a result of a consent decree with the justice department, MCA divested itself of its talent agency business. This led to Universal-International being renamed to the current '''Universal Pictures'''. | ||
In 1990, MCA/Universal was acquired by Panasonic Corporation and later sold to Seagram and Sons in 1995. On December 9, 1996, MCA was reincorporated and renamed as "Universal Studios". In December 2000, French company Vivendi acquired Universal Studios from Seagram and Sons and formed Vivendi Universal Entertainment. The deal was closed on January 8, 2001. On May 11, 2004, it was part-owned by Vivendi SE (20%) and General Electric (80%) and became a subsidiary of NBC Universal, Inc. Universal later moved its corporate headquarters to 30 Rockefeller Plaza in New York. On January 26, 2011, Vivendi SE sold the remaining 20% of NBC Universal to GE until January 28, when Comcast Corporation acquired a 51% controlling interest of the renamed NBCUniversal, LLC, and the remaining stock (49%) from GE on March 19, 2013. | In 1990, MCA/Universal was acquired by Panasonic Corporation and later sold to Seagram and Sons in 1995. On December 9, 1996, MCA was reincorporated and renamed as "Universal Studios". In December 2000, French company Vivendi acquired Universal Studios from Seagram and Sons and formed Vivendi Universal Entertainment. The deal was closed on January 8, 2001. On May 11, 2004, it was part-owned by Vivendi SE (20%) and General Electric (80%) and became a subsidiary of NBC Universal, Inc. Universal later moved its corporate headquarters to 30 Rockefeller Plaza in New York. On January 26, 2011, Vivendi SE sold the remaining 20% of NBC Universal to GE until January 28, when Comcast Corporation acquired a 51% controlling interest of the renamed NBCUniversal, LLC, and the remaining stock (49%) from GE on March 19, 2013. | ||