Universal Pictures: Difference between revisions
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===Background=== | ===Background=== | ||
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'''. | 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'''. | ||
In 1990, MCA/Universal was acquired by Matsushita Electric 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 Matsushita Electric 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. | ||