Comcast to Buy Majority Stake in Universal Studios Japan in its biggest international investment ever
Comcast will be purchasing a 51% stake in Universal Studios Japan as the company makes its biggest international investment ever, the company announced Monday.
Comcast will be purchasing the 51% stake from owners that include Goldman Sachs Group Inc., for $1.5 billion.
Brian Roberts, who is the Chief Executive officer for Comcast said that this will help them compete with companies who have a head start overseas.
The theme park business is booming overseas with Disney getting ready to open their latest resort, Shanghai Disney next year. Six Flags ha also announced plans for theme parks overseas as well.
Universal Studios Japan has seen a huge jump in attendance ever since the addition of the Harry Potter attraction, with 12 million people visiting the park last financial year, which is up from 10.5 million the year before.
It will be interesting to see what Comcast does with Universal Studios Japan due to the incredibly busy future the parks stateside have.
Read more over at the Wall Street Journal