COMCAST NBCUNIVERSAL TO ACQUIRE REMAINING 49% STAKE IN UNIVERSAL STUDIOS JAPAN
Signals Strong Future for Universal Studios Japan and for Universal in Asia
ORLANDO (Feb. 28, 2017) Comcast NBCUniversal announced today that it agreed to purchase 49 percent ownership of Universal Studios Japan (USJ) from its current partners, including Goldman Sachs, former USJ Chief Executive Officer Glenn Gumpel, Asian private-equity firm MBK Partners and U.S. hedge fund Owl Creek Asset Management. The purchase price for this transaction is ¥254.8 billion (US$2.3 billion), valuing USJ at ¥840 billion (US$7.4 billion), including the assumption of USJ net debt. Upon completion of the transaction, Comcast NBCUniversal will own 100 percent of the theme park destination.
The acquisition further demonstrates Comcast NBCUniversal’s confidence in the future growth of Universal Studios Japan and the company’s strong interest in the Asian market – the company is also building a theme park destination in Beijing and licenses a theme park in Singapore.
Universal Studios Japan opened in 2001 as a Japanese company with a license from NBCUniversal. It has seen strong growth in popularity, attendance and revenue. It features classic Universal attractions as well as attractions and shows specifically designed for the Asian market.
USJ opened the hugely popular, The Wizarding World of Harry Potter themed area in 2014. It opened the Flying Dinosaur roller coaster last year, introducing a new generation of coaster experience. Later this year, it will open Minion Park, the world’s largest Minion-themed area – featuring a heartwarming and hilarious 3D ride, shops – and more.
Scheduled to open in time for the 2020 Tokyo Olympics, Super Nintendo World at USJ will be a highly themed and expansive area featuring globally popular characters and their game worlds from Nintendo brought to life.
This acquisition will more closely align USJ with Comcast NBCUniversal’s ongoing investment strategy for its theme parks. Universal theme parks around the globe have seen significant, continued, investment from Comcast NBCUniversal – opening many major attractions representing world-class intellectual properties and resulting in significant growth in both attendance and revenue.
The transaction is expected to close before the end of April 2017.
“Universal Studios Japan is an amazing and incredibly successful theme park,” said Tom Williams, Chairman and Chief Executive Officer for Universal Parks & Resorts. “This acquisition will bring an even stronger future for the theme park, its guests and its team members. We are thrilled USJ will fully be part of the Universal family and look forward to continuing to create a remarkable experience for our guests.”
Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is one of the nation's largest video, high-speed Internet and phone providers to residential customers under the XFINITY brand and also provides these services to businesses.
NBCUniversal owns and operates a valuable portfolio of news and entertainment television networks, a premier motion picture company, significant television production operations, a leading television stations group, world-renowned theme parks, and a suite of leading Internet-based businesses. NBCUniversal is a subsidiary of Comcast Corporation.
About Universal Parks & Resorts
Universal Parks & Resorts, a unit of Comcast NBCUniversal, offers guests around the globe today’s most relevant and popular entertainment experiences. With three-time Academy Award winner Steven Spielberg as creative consultant, its theme parks are known for immersive experiences that feature some of the world’s most thrilling and technologically advanced film and television-based attractions.
Comcast NBCUniversal wholly owns Universal Studios Hollywood, which includes Universal CityWalk Hollywood. It also owns Universal Orlando Resort, a destination resort with three theme parks (Universal Studios Florida, Universal’s Islands of Adventure and Universal’s Volcano Bay – grand opening May 25, 2017), five resort hotels, and Universal CityWalk Orlando. In addition, Comcast NBCUniversal owns 51% of Universal Studios Japan, in Osaka and has a license agreement with Universal Studios Singapore at Resorts World Sentosa, Singapore. The company has also announced plans for a theme park in Beijing.
NOTE: This press release contains forward-looking statements. Readers are cautioned that such forward-looking statements involve risks and uncertainties that could cause actual events or our actual results to differ materially from those expressed in any such forward-looking statements. Such forward-looking statements include the possible benefits of the proposed Universal Studios Japan acquisition to the NBCUniversal business. Readers are directed to Comcast's and NBCUniversal's periodic and other reports filed with the Securities and Exchange Commission (SEC) for a description of such risks and uncertainties. Neither Comcast nor NBCUniversal undertakes any obligation to update any forward-looking statements.
SELECT VACATION PACKAGES AND TICKETS NOW ON SALE FOR
UNIVERSAL ORLANDO’S HALLOWEEN HORROR NIGHTS 2017
The Nation’s Premier Halloween Event Returns This Fall With
All-New Horrifying Content for a Record-Breaking 34 Nights
ORLANDO, Fla. (February 23, 2017) – Now, guests can purchase select tickets and book a vacation package to experience the horrifying thrills of the nation’s premier Halloween event – Universal Orlando’s Halloween Horror Nights.
Known for terrifying hundreds of thousands of guests from around the world and consistently rated the nation’s best, Halloween Horror Nights returns to Universal Studios Florida this fall with all-new content that will bring guests’ worst nightmares and unimaginable horrors to life.
For a record-breaking 34 select nights from September 15 to November 4, guests will face all-new haunted houses based on iconic horror films, terrifying hit TV shows and haunting original stories; multiple scarezones where hordes of menacing “scareactors” stalk their every move; and outrageous live shows. And when they need a break from the screams, guests can enjoy some of Universal Studios’ popular rides & attractions throughout the evening.
For a limited time, guests can book a vacation package that combines the horrifying chills of Halloween Horror Nights with the daytime thrills of Universal Orlando’s three immersive theme parks: Universal Studios Florida, Universal’s Islands of Adventure and Universal’s Volcano Bay – a revolutionary new water theme park filled with incredible thrills and perfected relaxation that will open on May 25, 2017. Plus, guests can purchase a Halloween Horror Nights Flex Ticket – allowing guests to add Halloween Horror Nights admission to their fall vacation.
Halloween Horror Nights 2017 will run select nights from September 15 to November 4. More details on this year’s event will be announced at a later date. For more information on Halloween Horror Nights and these special ticket offers, visit www.HalloweenHorrorNights.com/Orlando.
About Universal Orlando Resort
For more than 25 years, Universal Orlando Resort has been creating epic vacations for the entire family – incredible experiences that place guests in the heart of powerful stories and adventures.
Universal Orlando’s theme parks, Universal Studios Florida and Universal’s Islands of Adventure, are home to some of the world’s most exciting and innovative theme park experiences – including The Wizarding World of Harry Potter-Hogsmeade and The Wizarding World of Harry Potter-Diagon Alley. And on May 25, 2017, Universal Orlando will open its third park, Universal’s Volcano Bay – an entirely new water theme park experience. Universal’s on-site resort hotels, Loews Portofino Bay Hotel, the Hard Rock Hotel, Loews Royal Pacific Resort, Universal’s Cabana Bay Beach Resort and the all-new Loews Sapphire Falls Resort, are destinations unto themselves. Its entertainment complex, Universal CityWalk, offers dining and entertainment for every member of the family.
Universal Orlando Resort has unveiled more than 20 new guest experiences since 2010 – powerful attractions, incredible dining opportunities and dramatically themed hotels. Now open is Skull Island: Reign of Kong, a groundbreaking attraction in Islands of Adventure, and CityWalk’s newest, unique dining experience, The Toothsome Chocolate Emporium & Savory Feast Kitchen.
Universal Orlando Resort is part of NBCUniversal, a Comcast company. Follow us on our blog, Facebook, Twitter, Instagram and YouTube.