Universal Filmed Entertainment Group
division of NBCUniversal
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. 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.
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This entry incorporates text from “Universal Filmed Entertainment Group” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.