Acknowledging that the movie business is "not for the faint of heart," NBCUniversal Chief Executive Steve Burke said he'd like to see more animation and more franchise films out of Universal in the years ahead.
"We've had our ups and downs for the last 18 months," Burke said at the Bank of America Merrill Lynch Investor Conference in Beverly Hills on Thursday. Among Universal's disappointments this year were "Battleship" and "The Five-Year Engagement."
But "Ted" was a smash and "The Lorax" and "The Bourne Legacy" delivered solid numbers.
"We'd like to see 'Ted 2' as soon as we can," Burke said.
Burke is hoping for more from the Universal Pictures-backed animation shop Illumination Entertainment. The plan is for Illumination to go from making one film every 18 months to two a year, Burke said. Next year, Illumination will release a sequel to "Despicable Me."
Increasing animation isn't just a priority to help the studio. Burke also wants more animation product that can be used to create new attractions at Universal's theme parks.
"If you want to have a great animation company, you want to have a great animation group and a great theme park group and you want them to work together," Burke said.