The Universal Filmed Entertainment Group Inc. (UFEG), also known as Universal Filmed Entertainment and doing business as Universal Studios (formerly known as Universal Studios Inc.), is an American entertainment company and business unit within NBCUniversal, a subsidiary of Comcast, that oversees and manages its film and television businesses, including its flagship divisions, Universal Pictures and Universal Television.
The company was formed in 1996 following the acquisition of MCA by Seagram, and its subsequent rebranding to Universal Studios Inc., which would later take on its current name in 2013. Since its formation, the company has become a major force in the film and entertainment industries.
Its studios are located in Universal City, California, and its corporate offices are located in New York City.
History
Seagram
On December 9, 1996, a year after its acquisition by Seagram, MCA was rebranded to Universal Studios Inc.[1][2] and MCA's music division, MCA Music Entertainment Group, was renamed Universal Music Group. MCA Records continued to live on as a label within the Universal Music Group. The following year, G. P. Putnam's Sons was sold to the Penguin Group subsidiary of Pearson PLC.
In 1996, Universal Studios filed a lawsuit against Viacom over Viacom's launch of the TV Land cable network. Viacom had purchased Paramount in 1994, and the contract for USA Network prohibited either of their owners from owning cable channels outside the joint venture.[3] Viacom had owned MTV Networks (the parent of TV Land) since 1985. The suit was settled when Viacom sold MCA its half of the joint venture. TV Land eventually added shows from the MCA/Universal library in 1999.
Vivendi and NBCUniversal
To raise money, Seagram head Edgar Bronfman Jr. sold Universal's television holdings, including cable network USA, to Barry Diller (these same properties would be bought back later at greatly inflated prices). In June 2000, Seagram was sold to French water utility and media company Vivendi, which owned StudioCanal; the conglomerate then became known as Vivendi Universal.
In March 2001 following Vivendi's acquisition of Universal Studios and its parent Seagram, Universal Studios established a new subsidiary that would handle, manage and expand Universal Pictures' key intellectual properties across multiple platforms entitled Universal Pictures Franchise Development with Universal Studios' consumer products & licensing division Universal Pictures Consumer Products and Universal Studios' home entertainment division Universal Pictures Home Entertainment alongside its animation production division Universal Cartoon Studios & London-based British production division Universal Pictures Visual Programming became divisions of the new subsidiary while Louis Feola became president of the new subsidiary.[4]
In the spring of 2003, MCA Records was folded into Geffen Records
Comcast
GE sold 51% of the company to cable provider Comcast in 2011, including Universal Studios. Comcast merged the former GE subsidiary with its own cable-television programming assets, creating the current NBCUniversal. Following Federal Communications Commission (FCC) approval, the Comcast-GE deal was closed on January 29, 2011.[11] In March 2013, Comcast bought the remaining 49% of NBCUniversal for $16.7 billion.[12]
In September 2013, Universal Studios was renamed Universal Filmed Entertainment Group to oversee the film group's worldwide activities, including the global theatrical and home entertainment businesses. Jeff Shell became the chairman of the new Universal Studios, while the company's former chairman, Ron Meyer, was named as the vice chairman of NBCUniversal.[13] In January 2019, it was announced that Donna Langley would also take over as head of the Universal Filmed Entertainment Group.[14]
Units
- Universal Pictures
- Universal Pictures International
- Universal International Distribution
- Universal Pictures Home Entertainment
- Universal Pictures Content Group
- Universal Home Entertainment Productions
- Universal 1440 Entertainment
- Universal Animation Studios
- DreamWorks Animation Home Entertainment
- Universal Sony Pictures Home Entertainment Australia (joint venture with Sony Pictures Home Entertainment)
- Universal Playback
- Studio Distribution Services (joint venture with Warner Bros. Discovery Home Entertainment)
- Illumination
Film library
Universal Filmed Entertainment Group holds the rights to the film library through its divisions and subsidiaries such as Universal Pictures, Universal Animation Studios, Focus Features, Illumination, and DreamWorks Animation.
See also
- LaserDisc
- MCA Whitney Recording Studio
References
- E. Scott Reckard. MCA changes name to Universal Studios Inc. Orlando Business Journal, December 9, 1996^
- Anita M. Busch. A whole new U for MCA Variety, 1996-12-10, retrieved 2025-10-18^
- Geraldine Fabrikant. MCA Sues Viacom, Saying New Channel Violates Their USA Network Partnership