Paramount's getting back in the theme park business
Written by Robert Niles
One year after selling its North American theme parks to Cedar Fair, Paramount is moving back into the theme park business -- this time in South Korea.Tweet
The studio announced today plans to invest $1 billion in a theme park in Inchon, south of Seoul. Paramount will partner with South Korean automaker Daewoo, which willl provide the land for the project. The first phase of the park will open in 2009, with completion skedded for 2014.
South Korea is home of some of the world's most popular parks, including Lotte World, but no U.S. companies have built on the peninsula before now.
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