Studio extends chairman's contract through 2014
NBCUniversal has extended Universal Pictures chairman Adam Fogelson’s contract a year early, re-upping him through 2014.
Fogelson will continue to report to Universal Studios president and chief operating officer Ron Meyer, whose contract was recently re-upped through 2015. And under the new company structure, he'll also report to Comcast CEO Steve Burke.
Fogelson's last contract was set to expire in 2012.
Still pending: the renewal of Universal co-chair Donna Langley's contract — an individual close to the studio described that re-up as "imminent."
As for Fogelson, he was the studio's marketing chief, but moved up to the chairman's post in 2009 with the departures of chairmen Marc Shmuger and David Linde.
Also read: Ron Meyer Re-Ups at Universal Until 2015
Slumping badly when he took over, Universal has enjoyed some resurgence under his leadership: it had big box office hits over the summer with "Fast Five" (a film that grossd nearly $610 million worldwide) and "Bridesmaids" (a moderately budgeted R-rated comedy that grossed over $283 million globally); and last year, it got on the board in the animation business with the huge worldwide run of "Despicable Me" ($543.2 million).
In terms of yearly domestic revenue, Universal has already grossed $914.8 million, putting it ahead of its grand total ($882 million) for the entire 2010 campaign.
Of course, there have been setbacks, too, with Universal also enduring misses over the summer that included "Cowboys and Aliens" and "The Change-Up."