Thursday 2 October 2008

Institution Research - Universal Pictures


Universal Studios is a huge American motion picture company and is a subsidiary of NBC Universal. It is the world’s second oldest running studio in America (Paramount being older by a month). Its distribution and corporate offices are based in New York City, but its production studios are based in Universal City, California.
Universal Studios was founded by a German Jewish immigrant; Carl Laemmle in 1912. In June 1909, Carl Laemmle along with his partners Abe and Julius Stern started the Yankee Film Company. This quickly became the Independent Moving Picture Company (IMP).
On the 8th of June 1912, Laemmle merged IMP with eight smaller companies to form the Universal Film Manufacturing Company. This was the first time the word ‘universal’ appeared in an organisation’s name.
In 1925, this company became Universal Pictures Company Inc.
Universal Studios then faced a lot of problems, and after a long period of complete shutdown, in 1958 Universal agreed to sell its360-acre (1.5 km²) studio lot to MCA for $11 million. Universal Studios was then renamed Revue Studios.
80% of the company is owned by General Electric, and the other 20% is owned by Vivendi.
Films produced by Universal Pictures include; The Skeleton Key, 2 Fast 2 Furious, Hannibal and Slither. Similar to Warner Bros., Universal Pictures produce a range of genres of film. These include horrors such as Slither and The Skeleton Key, but also comedies such as Meet The Fockers and Bruce Almighty.

No comments: