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BUSINESS
June 29, 2001 | Reuters
Universal Studios Inc. said it sold its stake in movie theater operator Loews Cineplex Entertainment Corp. California-based Universal, owned by French-American media giant Vivendi Universal, sold more than 15 million common shares to investment bank Goldman Sachs Group Inc., according to a filing with the Securities and Exchange Commission. Universal sold the shares to recognize a tax loss on its investment in Loews. Loews shares rose 2 cents to 14 cents in trading on the OTC Bulletin Board.
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BUSINESS
June 29, 2001 | Reuters
Universal Studios Inc. said it sold its stake in movie theater operator Loews Cineplex Entertainment Corp. California-based Universal, owned by French-American media giant Vivendi Universal, sold more than 15 million common shares to investment bank Goldman Sachs Group Inc., according to a filing with the Securities and Exchange Commission. Universal sold the shares to recognize a tax loss on its investment in Loews. Loews shares rose 2 cents to 14 cents in trading on the OTC Bulletin Board.
BUSINESS
September 23, 1999 | JAMES BATES, TIMES STAFF WRITER
Universal Studios Inc.'s top theme park executive was replaced Wednesday, after slightly more than two years on the job, with a 29-year company veteran who has been responsible for much of the company's growth in Florida. Universal said Cathy Nichols, a management consultant recruited to run the division in 1997 amid an executive shake-up, is resigning to pursue unspecified interests.
BUSINESS
August 8, 1997 | Times Staff and Wire Reports
Universal Studios Inc. said it plans to introduce new cable and broadcast television channels worldwide as part of the company's efforts to boost its TV business globally. The company named former MTV executive Tony Garland as managing director of Universal Studios Networks, which will oversee channel development. Garland, who will be based in London, was executive vice president of MTVN International. He also has worked at Home Box Office.
BUSINESS
January 17, 1997 | JAMES BATES, TIMES STAFF WRITER
Maybe what the Oscars need is a new category: Best Mogul in a Supporting Role. This is the time of year when the entertainment trade publications are fat with ego-stroking "For Your Consideration" ads bought by studios suggesting that various stars and directors are worthy of an Oscar nomination, no matter how bad the movie. Now Universal Studios Inc. is taking it a step further by suggesting the boss is worthy of a nomination.
BUSINESS
June 11, 1997 | JAMES BATES, TIMES STAFF WRITER
The 2-year-old exclusive film production deal between longtime Hollywood executive Sidney Sheinberg and the company he once ran is over, and studio sources said the reason is the poor start Sheinberg's company made in the risky business of producing. In a joint announcement, Universal Studios Inc. and Bubble Factory, the production company formed by Sheinberg and his two sons, Jon and Bill, acknowledged that their exclusive deal is over.
BUSINESS
September 23, 1999 | JAMES BATES, TIMES STAFF WRITER
Universal Studios Inc.'s top theme park executive was replaced Wednesday, after slightly more than two years on the job, with a 29-year company veteran who has been responsible for much of the company's growth in Florida. Universal said Cathy Nichols, a management consultant recruited to run the division in 1997 amid an executive shake-up, is resigning to pursue unspecified interests.
BUSINESS
December 26, 1996
The year 1995 was marked by a New Year's Eve-like giddiness celebrating some of the biggest mergers in the history of the entertainment industry. The year 1996 seemed like the morning-after hangover. A lot of heads rolled, and companies realized that their acquisitions were full of problems. And a former studio owner, who everyone thought was out of the business, came back with a roar by buying Leo the Lion.
BUSINESS
November 17, 1998 | CLAUDIA ELLER and JAMES BATES
Seagram Co. fired the head of its entertainment division on Monday amid a wholesale restructuring of the company, raising further questions about the liquor giant's ability to manage the movie, TV, music and theme park operations it bought just three years ago. The move--The Times reported Friday that it was expected--suggests that Seagram's 43-year-old scion, Edgar Bronfman Jr., is still struggling to secure his footing in the entertainment business.
BUSINESS
November 17, 1998 | CLAUDIA ELLER and JAMES BATES
Seagram Co. fired the head of its entertainment division on Monday amid a wholesale restructuring of the company, raising further questions about the liquor giant's ability to manage the movie, TV, music and theme park operations it bought just three years ago. The move--The Times reported Friday that it was expected--suggests that Seagram's 43-year-old scion, Edgar Bronfman Jr., is still struggling to secure his footing in the entertainment business.
BUSINESS
August 8, 1997 | Times Staff and Wire Reports
Universal Studios Inc. said it plans to introduce new cable and broadcast television channels worldwide as part of the company's efforts to boost its TV business globally. The company named former MTV executive Tony Garland as managing director of Universal Studios Networks, which will oversee channel development. Garland, who will be based in London, was executive vice president of MTVN International. He also has worked at Home Box Office.
BUSINESS
June 11, 1997 | JAMES BATES, TIMES STAFF WRITER
The 2-year-old exclusive film production deal between longtime Hollywood executive Sidney Sheinberg and the company he once ran is over, and studio sources said the reason is the poor start Sheinberg's company made in the risky business of producing. In a joint announcement, Universal Studios Inc. and Bubble Factory, the production company formed by Sheinberg and his two sons, Jon and Bill, acknowledged that their exclusive deal is over.
CALIFORNIA | LOCAL
May 28, 1997
Los Angeles Mayor Richard Riordan met Tuesday for the first time with two dozen representatives of homeowner groups who oppose Universal Studios' proposed $2-billion, 25-year expansion plan but refused to take a position on the project. After a closed-door meeting at the Lakeside Golf Club in Toluca Lake, Riordan said that much of the debate about the project boils down to "a balance between quality jobs and [protecting] the quality of life."
BUSINESS
May 16, 1997 | SALLIE HOFMEISTER, TIMES STAFF WRITER
Viacom Inc. and Universal Studios Inc. were ordered Thursday to discontinue their 50-50 partnership in USA Networks by a Chancery Court in Delaware, a ruling that could eventually allow both companies to expand their cable businesses. Although the judge's ruling was a victory for Universal, which brought the lawsuit in April 1996, the ultimate outcome to stem from the nasty, yearlong court dispute remains unclear.
BUSINESS
May 16, 1997 | SALLIE HOFMEISTER, TIMES STAFF WRITER
Viacom Inc. and Universal Studios Inc. were ordered Thursday to discontinue their 50-50 partnership in USA Networks by a Chancery Court in Delaware, a ruling that could eventually allow both companies to expand their cable businesses. Although the judge's ruling was a victory for Universal, which brought the lawsuit in April 1996, the ultimate outcome to stem from the nasty, yearlong court dispute remains unclear.
CALIFORNIA | LOCAL
May 28, 1997
Los Angeles Mayor Richard Riordan met Tuesday for the first time with two dozen representatives of homeowner groups who oppose Universal Studios' proposed $2-billion, 25-year expansion plan but refused to take a position on the project. After a closed-door meeting at the Lakeside Golf Club in Toluca Lake, Riordan said that much of the debate about the project boils down to "a balance between quality jobs and [protecting] the quality of life."
BUSINESS
January 17, 1997 | JAMES BATES, TIMES STAFF WRITER
Maybe what the Oscars need is a new category: Best Mogul in a Supporting Role. This is the time of year when the entertainment trade publications are fat with ego-stroking "For Your Consideration" ads bought by studios suggesting that various stars and directors are worthy of an Oscar nomination, no matter how bad the movie. Now Universal Studios Inc. is taking it a step further by suggesting the boss is worthy of a nomination.
BUSINESS
December 26, 1996
The year 1995 was marked by a New Year's Eve-like giddiness celebrating some of the biggest mergers in the history of the entertainment industry. The year 1996 seemed like the morning-after hangover. A lot of heads rolled, and companies realized that their acquisitions were full of problems. And a former studio owner, who everyone thought was out of the business, came back with a roar by buying Leo the Lion.
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