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Tag: Bob Wright

  • Jeff Zucker elevated to NBC Universal president, CEO

    Jeff Zucker elevated to NBC Universal president, CEO

    MUMBAI: US media conglomerate NBC Universal has announced that Jeff Zucker is its president and CEO.

    He succeedes Bob Wright, who has served in this role for 21 years..

    NBC Universal’s parent firm General Electric Company Chairman and CEO Jeffrey R. Immelt says, ” Jeff will succeed one of the true giants in media — Bob Wright — to whom we owe a tremendous debt of gratitude for helping to build this great media company. By any measure, Bob is one of the most successful media executives ever.

    “He transformed NBC from a broadcast network into a diversified global media company. He was always able to see what was coming next, whether it was cable, satellite, Hispanic broadcasting or digital media. Bob’s strategic vision and execution kept NBC growing.”

    Zucker, 41, is a 21-year veteran of NBC Universal. As president and CEO, he will have responsibility for the strategic direction and operations of all NBC Universal properties. Zucker is one of the industry’s most experienced executives and has spent much of his career working in NBC’s news, sports, and entertainment divisions. As CEO of the NBC Universal Television Group since 2005, Zucker has overseen the company’s television programming and distribution operations, which account for two-thirds of the company’s overall profits.

    Immelt adds, “Jeff Zucker is a terrific talent and the right person to guide NBC Universal on the next stage of its growth. His 20-plus years with NBC give him deep knowledge of the company’s strategy, people and culture. In the past few years, Jeff has shown that he is an energetic, focused leader who can rise to a challenge. His creative experience, expertise in news and broadcasting and intense passion for the business were immensely appealing to the Board and to me during this succession process.

    In addition to serving as a vice chairman of GE, Wright will assist with the leadership transition at NBCU.

    Zucker said, “Bob has been a terrific mentor to me throughout my career, and I am honored to be his successor and fortunate to assume responsibility of a company that is so well positioned for future growth. I’ve spent my entire career at NBC and had the privilege to work with the best in the business every day. I look forward to continuing to work with this talented management team as we take NBC Universal to the next level.”

  • NBC Universal’s Wright calls for greater cooperation between govts for piracy fight

    NBC Universal’s Wright calls for greater cooperation between govts for piracy fight

    MUMBAI: NBC Universal chairman and CEO Bob Wright has called for governments and businesses to join forces in a rigorous alliance to combat piracy and counterfeiting.

    At the Third Global Congress on Combating Counterfeiting and Piracy, organised by the World Intellectual Property Organisation, he appealed to broadband providers, Internet auction sites, financial intermediaries and shipping companies to act more promptly in controlling the flow of illegal downloads and trading on their watch.

    His speech was called “Hear No Evil No Longer”. He urged business leaders to put the issue of dealing with piracy at the top of their agendas. “The days of ‘hear no evil, see no evil’ must come to an end. The scale of the epidemic leaves no choice. Legitimate businesses have to step forward and declare that they will not profit on the back of IP theft. And if they don’t step forward, governments need to adopt laws to require cooperation.”

    He noted that the technology-based, information-based society of tomorrow depends on innovation, invention, and creativity. These are the drivers of growth and progress. He warned that if they are not protected, tomorrow’s world will suffer greatly.

    “And from where I sit, we are losing ground in this battle. Much more urgent and concerted action must be taken if we are to turn back a rising global surge of counterfeiting and pirating, which threatens not just to dampen but to seriously threaten the fire of innovation and invention that creates economic growth.”

    He noted that one challenge involves raising the profile of the vast extent of intellectual property theft — and explaining and quantifying the threat to it. He stressed the need for action that goes beyond just modest measures.

    Piracy results in a ripple effect that magnifies the losses suffered by any individual sector of the economy. For every dollar a nation’s industry loses to counterfeiting and piracy, that nation will lose at least three dollars of GDP.

    When a movie studio loses revenues to piracy, it doesn’t have that money to reinvest into making more movies and television. Not only does this affect the individual studio but it also impacts all the companies that would have contributed to or benefited from these unmade productions. It reduces the revenue of the upstream suppliers to movie producers, and of the downstream industries, like movie theaters, DVD retailers, and video rentals.

    He went on to note that counterfeiting and piracy depends on legitimate businesses for distribution and resale. It is these businesses that must be enlisted in order to reduce trade in counterfeit and pirated product.