Entertainment Industry

« Previous | Company Town Home | Next »

NBCUniversal completes takeover of Universal Orlando theme parks

Harrypotter It's now all part of the Wizarding World of Comcast.

NBCUniversal said Friday that it had finalized its $1-billion purchase of private investor Blackstone Group's 50% ownership stake in the Universal Orlando theme parks in Florida.

Comcast Corp., which controls NBCUniversal, said in a statement that the acquisition was financed with "cash on hand, borrowings under NBCUniversal's existing credit facility and a one-year $250 million note to NBCUniversal from a Comcast Corp. affiliate."  The deal was announced in June.

NBCUniversal and affiliates now own 100% of the Universal Orlando Resort, which includes Universal Studios Florida and Universal's Islands of Adventure -- which has seen attendance soar during the last year due to the popularity of the Wizarding World of Harry Potter attraction -- as well as Universal CityWalk.


NBCUniversal to buy Blackstone's theme park stake

-- Meg James

Depiction of the Wizarding World of Harry Potter attraction. Credit:  Max Toporsky / Universal Orlando Resort

Comments () | Archives (0)


Recommended on Facebook

In Case You Missed It...

Photos: L.A.’s busiest filming sites