However, the company's revenue for fiscal 1997, ending June 30, 1997, was estimated at $6.5 billion, compared with estimated revenue of $5.9 billion in fiscal 1996. Seagram's CEO Edgar Bronfman at one point suggested that movie ticket prices should be tied to production costs, a notion that most in Hollywood found laughable.Īs a privately held company, Universal does not report the full details of its financial operations.
The alliance between Universal Studios and its parent, Seagram, has been somewhat uneasy at times, with Seagram's "bottom-line" mind-set being more than a little alien to the world of filmmaking. Additionally, Universal operates the Spencer Gifts retail chain with more than 500 stores across the country and has a 25-percent stake in Loews Cineplex Entertainment, which operates about 450 movie theaters. Other Universal operations include book publishing, concert promotion, two Universal Studios theme parks, management of six amphitheaters, and the licensing and marketing of products inspired by its films. The Universal umbrella covers a multitude of entertainment ventures, including the production and distribution of motion pictures and music. Offering these services, does not constitute ASI's support towards the corporate mission on the philosophical, religious or political beliefs of the ownership or management of these venues.Universal Studios is the world's largest film and television production company, although in late 1997 it spun off much of its television operations. ASI respects an individual's right to choose from the options available through our services. In accordance with and in support of the educational mission of California State University of Los Angeles, the Associated Students, Inc., provides a service to the students and the Cal State LA community by offering tickets to amusement parks, animal parks, movie theaters, and other venues at discounted prices. For more information, please read the back of the ticket.
Please keep in mind that some restrictions do apply. Typically, these tickets are offered to students for prices less than general admissions prices charged at the gate. ASI, in conjunction with Employee Savings Tickets has begun selling amusement park tickets for the following venues: Six Flags (Magic Mountain & Hurricane Harbor), Knotts Berry Farm, Aquarium of the Pacific, Universal Studios, and many more as well as Movie Tickets (AMC & Cinemark).
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