September 11, 2013 |
Before the coffee. After taking a moment to remember. The Skinny: No snarky small talk this morning. Just painful memories of a beautiful blue sky filled with smoke. Wednesday's headlines include a profile of Jeff Shell, the new head of NBCUniversal's movie unit. Also, Arsenio Hall gets off to a good start and "The Killing" gets killed again. Daily Dose: CBS and Time Warner Cable has made peace but tensions among broadcasters and pay-TV providers still linger.
September 11, 2013 |
NBCUniversal Chief Executive Steve Burke said Comcast Corp. inherited a media company that was an industry laggard in key financial measures, particularly at the NBC broadcast network. The NBC broadcast network earns $500 million to $1 billion less each year than industry leaders CBS, ABC and Fox Broadcasting, Burke said Wednesday morning at the Bank of America Merrill Lynch Media, Communications & Entertainment Conference in Beverly Hills. Burke's comments shed light on Comcast Corp.'s investment strategy when it acquired controlling interest in NBCUniversal more than two years ago from longtime media owner General Electric Co. PHOTOS: Hollywood backlot moments Comcast executives have long believed that they could run NBCUniversal much better than GE's management team did. The early results suggest that Comcast was right.
September 11, 2013 |
As a teenager Jeff Shell was determined to earn a spot on the elite basketball team at West Los Angeles' University High School. Despite being considered a long shot, he spent hours in his backyard practicing his jump shot and working on his moves until he made the team. "It was a pretty impressive feat," said his younger brother, Dan Shell, a Fox Sports executive. FALL MOVIE SNEAKS 2013: Films, videos and photos Jeff Shell has again nabbed a high-profile assignment.
September 9, 2013 |
NBCUniversal is shaking up the ranks of its movie studio, with longtime head Ron Meyer transitioning into a corporate advisory role. In a surprise move, Jeff Shell, a longtime Comcast Corp. television executive who spent the last two years in London, will succeed Meyer in a newly created position as chairman of Universal Filmed Entertainment Group. As part of the shake-up, Adam Fogelson, chairman of Universal Pictures, was fired on Monday morning. Donna Langley, co-chairman of Universal Pictures, will become sole chairman and report to Shell.
August 16, 2013 |
Comcast Corp. has increased the salary of NBCUniversal Chief Executive Steve Burke and extended his tenure through August 2018. The Philadelphia-based cable TV giant on Friday said it has extended Burke's employment contract for five years and provided him with a nearly 20% bump in base salary to $2.6 million, up from $2.2 million, effective Sept. 1. Comcast cited Burke's efforts to sharpen NBCUniversal's business strategy, including making beneficial acquisitions and dramatically improving the company's financial performance, as reasons to renew his contract.
July 27, 2013 |
Activision Blizzard Inc. and a group of investors led by its top executives are buying most of Vivendi's stake in the world's largest video game publisher in an $8.2-billion transaction. The deal would free the Santa Monica company from the financial woes of its French corporate parent and enable it to focus on the fast-evolving gaming industry. Activision said late Thursday that it would acquire 429 million shares from the Paris conglomerate for about $5.83 billion in cash, or $13.60 a share.
CALIFORNIA | LOCAL
July 23, 2013 |
The animated film "Despicable Me 2" has been denied a release in China, a spokesperson for distributor Universal Pictures has confirmed. The 3-D movie, a sequel to the 2010 hit, has grossed $584 million worldwide. And it has been a huge success overseas, taking in $308 million internationally since rolling out in most territories in early July. It's not clear why China's State Administration for Radio, Film and Television (SARFT) blocked the movie from the country, the second largest film market in the world. FULL COVERAGE: Reel China The film from production company Illumination Entertainment, the main supplier of family movies to Universal, centers on the Steve Carell-voiced Gru, a reformed baddie who teams up with his minions to save the world from a super-villain named El Macho.
July 10, 2013 |
Legendary Entertainment has struck a financing, distribution and marketing deal with NBCUniversal, parent of Universal Studios, the companies said Wednesday. Universal will market, co-finance and distribute Legendary films for five years beginning in 2014. "Comcast and NBCUniversal's global assets in film, television and theme parks offer Legendary unmatched breadth and opportunity to grow our business," said Legendary Chief Executive Thomas Tull in a statement. "We are delighted to be in business with this exceptional team and look forward to a successful partnership.
June 20, 2013 |
Reality TV bestows upon the viewing public a glut of entertainments: dancers portraying flitting hummingbirds trying to seduce a blooming flower; entrepreneurs who've found an extra use for pillow cases by making them into dresses; adventurers threatening to urinate on rice (and beans); even four of music's top performers swirling in big red chairs. And the ratings come pouring in. The Envelope gathered four faces of reality TV (some of whom double as executive producers) - Carson Daly of NBC's "The Voice," Cat Deeley of Fox's "So You Think You Can Dance," Jeff Probst of CBS' "Survivor" and Mark Cuban of ABC's "Shark Tank" - to talk about longevity in the genre, the push and pull of dealing with contestants and the waning power of "American Idol.
June 1, 2013 |
With a turbo boost from "Fast & Furious 6," Universal Pictures has zoomed past the $1-billion mark for the year at the international box office earlier than ever before. Universal crossed the mark Friday, its international marketing and distribution arm announced. This is the seventh year in a row that the company has achieved the $1-billion international feat. In addition to the "Fast" film, which has taken in $259.4 million overseas in a little more than a week, the company was aided by the strong performance of "Les Miserables," "Mama," "Identity Thief" and "Oblivion.