Universal Pictures: Difference between revisions

Universal Pictures (view source)

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 ===Background===
-'''Universal Pictures''' was originally formed on April 30, 1912 as [[Universal Film Manufacturing Company]] by Carl Laemmle, a German-Jewish immigrant who settled in Oshkosh, Wisconsin, where he managed a clothing store. It is the oldest studio in Hollywood. The word "Universal" means "Omnipresent". In 1915, he opened Universal Studios. In 1923, it was renamed to [[Universal Pictures (1923-1946)|Universal Pictures Corporation]].
-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 into the current '''Universal Pictures'''.