Comcast has boosted the studio’s annual production budget by more than $300 million to close to $1.2 billion, said Mr. , Universal spent less than most competitors, making it difficult to produce the kind of costly tentpoles that dominate the global box office.
One reason was that under its former owner, 1 since at least 1988-the earliest year for which records are available. When Comcast took over Universal, the studio had long been a laggard, ranking last in box office among Hollywood’s six major studios for three of the prior five years and not having been No. “We expect the overall water level to rise on a sustainable basis.” “This is an exceptional year, but our expectations for the film business have risen,” saidĬhief executive of NBCUniversal. “Furious 7,” “Minions” and “Jurassic World” had all been scheduled at one point or another to come out last year, but were delayed.īut executives are betting that along with some luck, changes they made are now bearing fruit. The only miss has been “Ted 2,” which has grossed a weak $174 million, compared to $549 million for the original in 2012.Īny spectacular run at the box office is in part due to circumstances, which seem to have conspired to make for a blockbuster 2015 for Universal.
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