Comcast Amusement Park In China

China s second most popular theme park in on lantau island in hong kong. Theme park operations have been a lucrative segment for comcast both because of the american theme parks and the company s asian growth. It will be jointly owned by beijing shouhuan cultural tourism investment co ltd.

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Bsh investment a consortium of four state owned companies and universal parks resorts a business unit of comcast nbcuniversal.

Comcast amusement park in china. For 2020 include a new theme park being built in beijing china set for a may 2021 opening as well as the ongoing development of a new epic universe. Comcast chief executive brian roberts said in january that the company planned to double down on theme parks and said today during its earnings call that the unit s strong performance is what gave comcast the confidence to form a partnership in china to develop a new theme park in beijing. Located in the suburban outskirts of beijing the theme park was first announced in 2014.

Construction began in 2016. Comcast s nbcuniversal along with beijing shouhuan cultural tourism investment co. It is the fifth disneyland built in the world.

Comments virginia kruta associate editor. Tucker unpacks connections between comcast s theme park deal in china and favorable coverage. Comcast chairman and ceo brian roberts.

Children like the rides acts and the cartoon characters. Comcast on its third quarter earnings call thursday said it expects more than a billion dollars in revenue in china after a theme park opens in beijing around 2020. It also gets about 7 and a half million visitors a year and ranks as the 15th most visited in the world.

Its opening date has been pushed back twice from 2019 to 2020 and now 2021. A consortium of four state owned companies will build a 3 3 billion universal theme park in beijing the. China is a big opportunity.

The company made 2 2 billion in total theme park income. The overall investment in the universal beijing theme park will be more than 20 billion rmb. The completely indoor experience is set in legendary china and is poised to become the world s first theme park land created with the kung fu panda theme.

Arthur bloom said wednesday that american media outlets doing the bidding of the chinese might not be entirely ideologically driven. Visitors will be thrilled by the numerous chinese themed locations featured throughout the environment including many of the franchise s most beloved icons such as the jade. April 08 2020 9 36 pm et.

It also has hotels where guests can stay.