The periodic rumor that Universal Pictures is due for a major shake-up can be put to rest... for now. It's been announced that President and COO Ron Meyer has signed a new deal that runs through 2015. Assuming Meyer stays through his entire contract (always less than a certainty when it comes to studio headx), he will have been running Universal for a solid 20 years, an amazing run in this business. (One would need multiple hands and feet to count the organizational changes at Universal's sister TV network NBC during that time.) The studio's been having a strong summer, with FAST FIVE earning $600M worldwide and BRIDESMAIDS blowing past any and all expectations, proving itself the sleeper of the season.
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