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| Some of NBC-Universal's film subsidiaries |
Working Title is part of a vertically integrated conglomerate, NBC-Universal, itself part of a much larger parent company, Comcast. NBC-U turns over an incredible $25bn a year and combines production through such subsidiaries as Working Title, distribution through Focus Features, StudioCanal and Universal International Pictures, as well as exhibition arms ranging from the US TV network NBC to the subscription streaming site Hulu. Horizontal integration and the synergies from this are part of their strategy, with the films fuelling interest in the Universal theme parks for example. Working Title have been part of horizontal integration strategies ever since they expanded into the American market and sold off 67% of their shares to PolyGram (later bought by NBC-U). One of their earliest global hits, 1994’s £3m Four Weddings and a Funeral which grossed an incredible global £150m, had an OST (soundtrack) on Island Records … a subsidiary of PolyGram!
