name of the new theme park that Universal Orlando has all but confirmed it is building in Orlando. Well, more sources have checked in with us from Comcast's employee town hall, which apparently is where the now-leaked image was shown yesterday.Earlier today, we told you about a leak of the supposed
Comcast VP and NBCUniversal CEO Steve Burke reportedly said at the town hall that "we are going to do fourth gate in Orlando" and that Universal would open its park in Beijing "in the next five years." That's news, because a five-year window for Universal Studios Beijing's debut would extend its projected opening date to as late as 2023. Its original opening date was next year, but it's been widely known for some time that the opening would fall after that.
Burke also said that Disney had gotten "a free ride" without aggressive competition in the past, until Universal stepped up. Over the past eight years and into the next five years, Burke said that Comcast would invest more money in the theme park business than it spent to obtain all of NBCUniversal.
How much is that? Comcast spent $6.7 billion in cash for a 51 percent stake in NBCUniversal in 2011, then another $16.7 billion in cash to get the rest of the company in 2013. Depending on what he meant by "spent for all of NBCUniversal," that could mean anywhere from the final $16.7 billion payment to the full $23.4 billion in cash expenditures.
Whichever figure he meant, that's an average of between one and two billion dollars a year in theme park investment between 2010-2023, which would include the time from the opening of the original Wizarding World land in Orlando, through the acquisition of the remaining 49 percent of Universal Studios Japan for $2.3 billion, plus the reported $1.6 billion-plus expansion of Universal Studios Hollywood, and on to the reported $6.5 billion for the construction of Universal Studios Beijing.
And don't forget the cost of Super Nintendo World in Japan and three additional Wizarding World lands, plus the costs of adding of Volcano Bay and four hotels at Universal Orlando, too... not to mention the money to obtain the land and develop that new theme park at its largest resort.
That's a lot of money to catch a Mouse.Tweet
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