LOS ANGELES (AP) -- Comcast Corp.'s Universal Pictures says it is increasing its release slate by four films per year after a record-breaking run at the international box office.
Its Focus Features unit will now release 10 films annually, up from six. Spokeswoman Cindy Gardner says Universal's total slate will rise to about 26 to 28 per year, from 22 to 24.
Focus had focused on niche fare like this summer's comedy, The World's End. It will broaden its purview after also naming a new CEO, Peter Schlessel, on Wednesday. Schlessel had been chief executive of Film District, a small distributor that released films such as Insidious: Chapter 2 and Olympus Has Fallen.
Outgoing Focus CEO James Schamus is leaving to produce an upcoming Ang Lee film about boxing
The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
Could These High-Flying Tech Stocks Start Paying a Dividend?
Alphabet, Facebook, and Adobe don't do it yet, but that could change sooner than you think.
Will Rising Rates Bail Out Social Security's Trust Fund?
Interest-rate increases could boost available funding -- but there's a catch.
Bank of America (BAC) Q4 2017 Earnings Conference Call Transcript
BAC earnings call for the period ending December 31, 2017.