A careful cross-reference of various property-record databases shows prodigiously paid NBCUniversal CEO Steve Burke, whose 2014 compensation catapulted to nearly $34 million, recently made a serious upgrade to his residential circumstances in Los Angeles, with the $22 million purchase of a rather grand, bluff-top villa in Pacific Palisades, with sweeping ocean and coastline views.The comprehensively renovated, upgraded and vine-wrapped Italianate mansion was built in 1929, according to listing details, and comes in at around 9,500 square feet. Amply proportioned entertainment...
When Comcast first acquired NBCUniversal in 2011, there were skeptics regarding the marriage of content and distribution. But CEO Brian Roberts surely has no regrets having put Burke, one of his most trusted lieutenants in place; NBCUniversal more than doubled cash flow since the acquisition.
Stepping into a role previously occupied by the brazen, outspoken Jeff Zucker, Roberts couldn’t offer more of a contrast: He is practically allergic to publicity, preferring to let his company’s results speak for themselves. But beneath the quiet exterior, contemporaries say is an iron-willed executive who learned more than a few tricks from his equally legendary father, Capital Cities CEO Daniel Burke.
Burke secured a lengthy extension to NBCUniversal’s most valuable asset: Olympics U.S. TV rights through 2032. He also helped make NBCU a force in film, where franchises like “The Fast and the Furious” have earned a mint. Another strong point is animation, with the organically-grown Illumination Entertainment, whose Minions movie franchise is also an attraction at the company’s Universal-branded theme parks. The company’s animation strengths only deepened with the 2016 acquisition of DreamWorks Animation for $3.8 billion.
Under Burke, theme parks and TV operations, including Spanish-language TV Telemundo, registered sizeable gains. Theme parks profits soared by adding hotels, which capture more of attendees’ overall spending; Burke gained insights when previously working at Disney’s theme park unit.
He first joined Comcast in 1998, from Disney-owned ABC Television, where he also launched Disney’s retail business. Burke also serves on boards of Warren Buffet’s Berkshire Hathaway Inc., and J.P. Morgan Chase & Co. He is a graduate of Colgate University and holds an MBA from Harvard Business School.