For me, this seems to be a kernel 3.16 bug. I can get 14.04.2 LTS to display the splash by using the 3.13 kernel. Once I boot to the 3.16 kernel, i lose the splash. I made a bug in the kernel meta package.
https://bugs.launchpad.net/ubuntu/+source/linux-meta-lts-utopic/+bug/1425304
For me, this seems to be a kernel 3.16 bug. I can get 14.04.2 LTS to display the splash by using the 3.13 kernel. Once I boot to the 3.16 kernel, i lose the splash. I made a bug in the kernel meta package.
https:/ /bugs.launchpad .net/ubuntu/ +source/ linux-meta- lts-utopic/ +bug/1425304