On May 8, 2008, however, it was announced that both of these specialty divisions would be shut down.

The specialty divisions "will not pick up really bold, independent cinema," he said.

Universal has at least 15 movies to release this year, not including those of its specialty division, Focus Features.

It also plans public stock offerings for four of its specialty divisions.

On May 8, 2008, however, it was announced that both of the specialty divisions would be shut down, costing 70 employees their jobs.

And the studio-owned specialty divisions created to capture the market for independent movies could feel the pain first.

It also said it planned public stock offerings for four of its specialty divisions.

Compared with their corporate siblings, the specialty divisions spend less on production and chase after relatively small returns.

The specialty divisions often simply acquire distribution rights to pictures in which the studio has had no prior involvement.

After five years of general patrol service, officers may apply for specialty divisions like those listed above.