NBCUniversal
NBCUniversal | |
Formerly | NBC Universal, Inc. (2004–2011) |
Company type | Subsidiary |
Industry | |
Predecessors |
|
Founded | May 11, 2004 |
Headquarters | Universal Studio Group |
Subsidiaries |
|
Website | nbcuniversal |
Footnotes / references [1][2][3][4] |
Adelphia Cable assets for $17.6 billion | |
2006 | USA Network begins 13-year streak as #1 cable network in total viewers |
---|---|
2007 | Illumination is founded |
2010 | Universal releases Despicable Me, Scott Pilgrim vs. the World and Law & Order: LA premieres |
2011 | Vivendi divested in NBCU; Comcast buys 51% of NBCU from GE, turning it into a limited liability company, the name "PBS Kids" is dropped out from Sprout (Leaving the name "Sprout") |
2012 | Universal celebrates its 100th anniversary Chicago Fire premieres |
2013 | Comcast buys GE's remaining 49% of NBCU PBS sells Sprout to Comcast/NBCU |
2014 | Comcast attempts to acquire Time Warner Cable for $45.2 billion Chicago P.D. premieres NBCUniversal reaches a new long-term deal with WWE |
2015 | Chicago Med premieres |
2016 | NBCU acquires DreamWorks Animation |
2017 | Chicago Justice premieres Sprout relaunches as Universal Kids |
2018 | Comcast acquires Sky after a heated bidding war with 21st Century Fox FBI premieres |
2019 | NBCU acquires Cineo Lighting |
2020 | FBI: Most Wanted premieres and NBCU launches Peacock |
2021 | Grand opening of Universal Beijing Resort and Law & Order: Organized Crime and FBI: International premieres |
2023 | Universal releases The Super Mario Bros. Movie and Oppenheimer |
NBCUniversal Media, LLC (abbreviated as NBCU and doing business as simply NBCUniversal or Comcast NBCUniversal since 2013) is an American multinational mass media and entertainment conglomerate that is a subsidiary of Comcast and is headquartered at 30 Rockefeller Plaza in Midtown Manhattan in New York City.[5]
NBCUniversal is primarily involved in the media and entertainment industry. The company is named for its two most significant divisions, the
NBCUniversal was formed on May 11, 2004, beginning on November 8, 2004 as NBC Universal, Inc., with the merger of General Electric (GE)'s NBC with Vivendi Universal's film and television subsidiary Vivendi Universal Entertainment, after GE had acquired 80% of the subsidiary, giving Vivendi a 20% share of the new company.[7][8] In 2011, Comcast attained 51% and thereby the control of newly reformed NBCUniversal, by purchasing shares from GE, while GE bought out Vivendi. Since 2013, the company has been a wholly owned subsidiary of Comcast, which bought GE's ownership stake.[9]
History
Early history
NBC and Universal Television had a partnership dating back to 1950, when Universal Television's earliest ancestor, Revue Studios, produced a number of shows for NBC, although Revue would have hits on other networks as well. This partnership continued throughout a number of name changes and changes of ownership.
Television
NBC Universal Television has its modern roots in a series of expansions undertaken by NBC. In the late 1980s, NBC began pursuing a strategy of diversification, including the formation of two NBC-owned cable-television networks: CNBC and America's Talking. NBC also had partial ownership of several regional sports channels and other cable channels such as American Movie Classics and Court TV (until 2007).
In 1995, NBC began operating NBC Desktop Video, a financial news service that delivered live video to personal computers. The following year, NBC announced an agreement with
In 1998, NBC partnered with
In 1999, NBC took a 32% stake in the Paxson group, operator of
In 2001, NBC acquired the US Spanish-language broadcaster
Combining with Universal
In 2004, amid a major financial crisis caused by over-expansion, Universal Studios' parent company, Vivendi Universal Entertainment (a division of the French company Vivendi Universal, now
On August 2, 2004, the television divisions of NBC and Universal Television were combined to form
The formation of NBC Universal saw the establishment of
Global expansion
In the early 1990s, NBC began its expansion throughout Europe by creating
In 2005, NBC Universal joined HANA, the High-Definition Audio-Video Network Alliance to help establish standards in consumer electronics interoperability. Later that year, NBC Universal announced a partnership with Apple Computer to offer shows from all the NBC Universal TV networks on Apple's iTunes Store.[16]
In January 2006, NBC Universal launched a new cable channel, Sleuth. The channel's programming dedicated to mystery/crime genre. Sleuth Network's initial slogan was "Mystery. Crime. All The Time." In early 2008, the channel unveiled a new slogan, "Get Clued In." On August 15, 2011, Sleuth rebranded as Cloo, in order to be able to trademark and own the name, as NBCUniversal cannot so with the name Clue (as Hasbro owns the rights to it with their board game Clue). NBCUniversal also explained that another reason for the name change was the word "Sleuth" is too common for search engines (a Google search brings up over 9,530,000 results).[17][18]
One year later after Sleuth's debut, NBC Universal announced that the company would launch a horror-themed cable channel,
On June 14, 2007, NBC Universal Television Studio was renamed Universal Media Studios. The company explained that the reason for the name change was because "the new name fully describes the company's mission to be the premier content provider for television and digital platforms, spanning all television dayparts and creative genres."[19]
In August 2007, NBC Universal purchased
In the summer of 2008, NBC Universal,
In July 2008,
The summer of 2008 marked NBC Universal's first venture into the United Kingdom by acquiring English television production company Carnival Films.[25]
On November 12, 2008, NBC Universal acquired 80.1% of Geneon Entertainment from Dentsu in Japan, merging it with Universal Pictures International Entertainment to form a new company,[26] Geneon Universal Entertainment Japan.[27]
On March 16, 2009, NBC Universal-owned cable channel Sci Fi announced that it would be changing its name to Syfy, replacing a generic term with a proprietary brand name that was able to be trademarked.[28] The re-branding and name change took place on July 7, 2009.[28][29]
On August 27, 2009,
On October 20, 2010, NBC Universal-owned horror/suspense-themed cable channel Chiller announced a major rebranding campaign incorporating a new logo and on-air look that launched on Wednesday, October 27, 2010.[32][33] Syfy and Chiller President Dave Howe said, "We have very ambitious plans to grow this network as a brand."[32][33]
Comcast era (2011–present)
On December 3, 2009, after months of rumors, a deal was formally announced in which Comcast would buy a stake in NBC Universal from GE for $6.5 billion after the
U.S. regulators approved the proposed sale on January 18, 2011, with conditions. Comcast would have to give up NBC control over online video site
On January 26, 2011, Vivendi sold the remaining 20% of NBC Universal to GE, giving GE complete control of the company ahead of the completion of the sale of 51% of the company to Comcast on January 28, 2011.[40] Comcast and GE formed the joint venture holding company NBCUniversal, LLC. NBC Universal, Inc. became a wholly owned subsidiary of the holding company and adopted the name, NBCUniversal Media, LLC, on January 29, 2011.[41]
Comcast had planned to buy out GE's 49% stake over the following seven years, but ownership of NBCUniversal remained split at 51–49% for two years, until the February 12, 2013 announcement that Comcast intended to complete the $16.7 billion purchase early, all at once. The sale was completed on March 19, 2013.[39][42][43]
The corporation on July 19, 2012, formed the
In February 2013, NBCUniversal merged its two cable divisions,
On April 28, 2016, NBCUniversal officially announced its intent to acquire
On February 15, 2017, Universal Studios acquired a minority stake in Amblin Partners, strengthening the relationship between Universal and Amblin.[53]
On February 28, 2017, NBCUniversal announced that it would acquire the remaining 49% stake in the Universal Studios Japan theme park that it did not own.[54]
On May 1, 2017, NBCUniversal announced that Sprout would be relaunched as Universal Kids on September 9, 2017. Universal Pictures' acquisition of DreamWorks Animation in 2016 would also be leveraged by Universal Kids to bolster its programming. Industry observers felt that the integration of DreamWorks IP with Universal Kids would help NBCUniversal establish a viable multi-platform competitor to other major children's networks (such as Paramount's Nickelodeon, Warner Bros. Discovery's Cartoon Network, and Disney Channel).[55][56][57][58][59]
On May 10, 2017, NBCUniversal announced that it had acquired Denver-based online platform Craftsy for its Cable Entertainment Group division.[60]
Attempted takeover of 21st Century Fox assets and Comcast's subsequent acquisition of Sky
On November 16, 2017, NBCUniversal's parent company Comcast made a bid to acquire
However, on December 11, 2017, Comcast officially dropped the bid, saying that "We never got the level of engagement needed to make a definitive offer."[63] On December 14, 2017, Disney officially confirmed its acquisition of the most 21st Century Fox assets, which was granted approval from the United States Department of Justice Antitrust Division on June 27, 2018, and approved by stockholders from both companies one month later.[64]
On April 25, 2018, Comcast launched its takeover offer for
On September 20, 2018, the
Following its auction victory, Comcast began to acquire Sky shares from the open market. On September 26, 2018, Fox subsequently announced its intent to sell all of its shares in Sky plc to Comcast for £12 billion.[78][79] On October 4, 2018, Fox completed the sale of their shares, giving Comcast a 76.8% controlling stake at the time.[80] On October 12, 2018, Comcast announced it will compulsorily acquire the rest of Sky after its bid gained acceptances from 95.3% of the broadcaster's shareholders with the company being delisted by early 2019.[81] Sky was delisted on November 7, 2018, after Comcast acquired all remaining shares.[82]
While NBCUniversal and Sky still operate mainly as separate entities within Comcast, following the Sky takeover Comcast has begun the process of integrating some of NBCUniversal's international operations with parts of Sky. Among other moves, NBCUniversal's pay television channels in the United Kingdom will be folded with Sky's, and Sky Deutschland will become the parent company of NBCU's German networks.[83]
Preparation of Peacock streaming service
On January 14, 2019, NBCUniversal announced that it will launch an over-the-top streaming service to compete with
NBCUniversal Content Studios was formed in October 2019 with Hammer as chairman and George Cheeks as vice chairman, who was co-chairman of NBC Entertainment. This new unit consists of Universal Television and Universal Content Productions. Hammer was replaced as chairman of the Direct-to-Consumer and Digital Enterprises unit by Comcast executive Matt Strauss, while Paul Telegdy would become sole chairman of NBC Entertainment and continue reporting to Shell.[87]
On February 25, 2020, Comcast announced it would purchase
Vudu acquisition
In February 2020, it was reported that
Restructuring
Following Jeff Shell's exit in 2023, NBCU announced that corporate management will be led by a leadership team while Michael J. Cavanagh continues to oversee Comcast as a whole.[95]
See also
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External links
- Media related to NBCUniversal at Wikimedia Commons
- Official website