Universal Pictures a.k.a Universal Studios is an American film production company. It is a wholly owned subsidiary of Comcast Corporation through Universal Filmed Entertainment on behalf of NBC Universal.
Involvement in Mamma Mia!
Universal Pictures obtained film rights to the musical Mamma Mia! and served as the distributor as well as co-producer for the film adaptation. The hit musical is based on songs by ABBA and began its life as a musical on the West End in London, England, U.K. Universal's former subsidiary Universal Music Group released the soundtrack for the musical through its Decca Broadway label, and holds the rights to the soundtrack for the film. Universal Pictures announced that they would develop a sequel to Mamma Mia! in 2016. They will serve as the co-producer as well as distributor of Mamma Mia! Here We Go Again
Universal Pictures is one of the United States' oldest film companies right behind Viacom's Paramount Pictures. It was founded in 1912 as Universal Film Manufacturing Company. The company expanded internationally in 1945 when it launched Universal International, a four company joint venture and when Decca Records took control. Universal's library has expanded through buyouts of companies, including UK based Polygram. Throughout the years its ownership has changed hands from MCA, Inc. to Matsushita, Seagram, Vivendi and NBCUniversal. It continued to operate as a division of NBC Universal until the latter's merger with Comcast Corporation.