Universal Pictures has promoted Abhijay Prakash from his current position as strategic business adviser for the motion picture group to EVP of the studio’s Business Development and Strategic Planning division. The announcement was made today by Universal Pictures President Jimmy Horowitz and President and Chief Distribution Officer Peter Levinsohn, to whom Prakash reports. Prakash’s group is charged with creating the studio’s annual strategic plan, compiling and analyzing greenlight materials, managing film financing relationships, and other initiatives related to emerging industry trends, strategic transactions and organizational restructuring. In his new role, Prakash will continue to participate in the business unit budgeting and planning process as well as driving major growth initiatives, and internal business performance improvement across all markets including emerging international growth territories.