Ron Meyer Re-Ups NBCUniversal Contract for Five Years
The longtime executive's contract was set to expire in 2017.
Ron Meyer has extended his contract as one of the longest-serving executives in Hollywood history.
Sources tell The Hollywood Reporter that Meyer, 71, has signed a new deal to remain vice chairman of NBCUniversal for an additional five years. His contract was set to expire in 2017.
The former co-founder of Creative Artists Agency first joined Universal in 1995 as its president and CEO. In September 2013, Meyer was named to his current position, in which he provides strategic guidance and counsel to all aspects of the company, including its film and TV assets as well as its theme park business.
Working alongside Universal Filmed Entertainment chairman Jeff Shell and Universal Pictures chairman Donna Langley, Meyer saw Universal's films score an industry-wide record of $6.9 billion worldwide in 2015.
Also last year, Meyer was able to draw upon long-standing relationships — for more than 20 years, he and Steven Spielberg have shared a monthly lunch at the Universal commissary — to help bring about the deal that saw Spielberg's Amblin Partners become part of the Universal fold.
During his long tenure at Universal, Meyer has succeeded even though the studio passed through the hands of a succession of corporate owners. When he was first recruited to join Universal — after his fellow CAA co-founder Mike Ovitz bungled negotiations of his own — the studio was owned by Seagram. When Seagram was sold to Vivendi in 2000, control passed to the French water utility and media company. In 2004, Vivendi sold the studio and theme parks to General Electric, the parent company of NBC. And it's now part of Comcast's NBCUniversal.
In an October 2015 interview with THR's Stephen Galloway as part of Loyola Marymount University's "The Hollywood Masters" series, Meyer described the post he's held since 2013, saying, "First of all, it's different because I have different reporting responsibilities, but it gave me a broader overview of the company. A lot didn't change, except that I have a little more involvement in the television business. I'm a little more involved in the overall strategy of the company ... giving me a little broader reach and ability to use, maybe, what talents I have with people to work in other areas."