Universal Pictures: Difference between revisions
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In 1962, the Music Corporation of America (MCA), then the world's largest talent agency, purchased Decca Records, and consequently Universal-International, leaving Rackmil and Edward Muhl in charge, as Dr. Jules Stein (Board Chairman) and Lew Wasserman (President) continued to guide MCA. After MCA divested itself of its talent agency business as a result of a consent decree with the Justice Department, Universal-International reverted back to the Universal Pictures name. In 1963, the motion picture and television operations of Universal Pictures and [[Universal Television (1963-1998)|Revue Productions]] were merged by MCA into a new entity known as Universal City Studios, Inc.; both names would continue to exist as separate labels (however, Revue would be renamed Universal Television). | In 1962, the Music Corporation of America (MCA), then the world's largest talent agency, purchased Decca Records, and consequently Universal-International, leaving Rackmil and Edward Muhl in charge, as Dr. Jules Stein (Board Chairman) and Lew Wasserman (President) continued to guide MCA. After MCA divested itself of its talent agency business as a result of a consent decree with the Justice Department, Universal-International reverted back to the Universal Pictures name. In 1963, the motion picture and television operations of Universal Pictures and [[Universal Television (1963-1998)|Revue Productions]] were merged by MCA into a new entity known as Universal City Studios, Inc.; both names would continue to exist as separate labels (however, Revue would be renamed Universal Television). | ||
In 1990, MCA was acquired by Matsushita Electric, and was later sold to Seagram and Sons in 1995. In 1996, MCA was reincorporated and renamed Universal Studios, Inc., which retained ownership of the Universal Pictures film studio. In December 2000, French company Vivendi acquired Seagram, | In 1990, MCA was acquired by Matsushita Electric, and was later sold to Seagram and Sons in 1995. In 1996, MCA was reincorporated and renamed Universal Studios, Inc., which retained ownership of the Universal Pictures film studio. In December 2000, French company Vivendi acquired Seagram's, renaming itself to Vivendi Universal; the deal was closed in January 2001. In 2004, Vivendi Universal sold 80% of its Vivendi Universal Entertainment division (which included Universal Pictures) to General Electric, then the owner of the [[NBC]] television network. GE then merged the operations of NBC and Vivendi Universal Entertainment into a new company known as NBCUniversal. Vivendi owned the remaining 20% of NBCUniversal until January 26, 2011, when it sold its stake back to GE. Two days later, cable provider Comcast acquired a 51% controlling interest in NBCUniversal, before buying it outright for $16.7 billion in March 2013. | ||
{{SeparateTOC|Universal Film Manufacturing Company| | {{SeparateTOC|Universal Film Manufacturing Company| | ||