Ron Meyer Re-Ups at Universal Until 2015

His contract as president and COO had been set to expire in December 2012

Last Updated: June 27, 2011 @ 12:02 PM

Ron Meyer has signed a contract to remain president and chief operating officer of Universal Studios through 2015, the studio announced Monday.

His contract was set to expire in December, 2012.

He will continue to report to Steve Burke, the chief executive of NBCUniversal. Burke became CEO in January, when Comcast acquired the company.

Meyer has held the job since Aug. 1, 1995 — and has had nine different bosses during those years.

As president and COO, he oversees the film unit, the physical studio operations and the theme parks.

Keeping Meyer provides some stability after what had been a tumultuous time. The studio recently fired its president of production, Debbie Liebling, after about two years on the job. Meyer ousted co-chairmen Marc Shmuger and David Linde in 2009.

And Hollywood has been aswirl with rumors that Meyer would not last long under Comcast ownership due to uneven box officer performance of Universal movies.

But these have been good weeks for Universal.

"Fast Five" has grossed nearly $600 million worldwide — a giant payday on a movie budgeted at $85 million, and "Bridesmaids" has, so far, grossed $168 million. Its budget is estimated at $32.5 million.

Meyer co-founded the agency CAA.

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