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Harry Potter drives success for Universal as Comcast records huge earnings for Q2
POSTED 27 Jul 2015 . BY Tom Anstey
Orlando’s Diagon Alley attraction has been a huge hit since its launch in 2014 Credit: Universal Orlando
Harry Potter has been a resounding success for Universal’s theme parks, after the boy wizard helped the company rake in millions of dollars in revenue for the first half of 2015.

Universal’s parent company Comcast, said as part of its Q2 earnings report that theme park revenue year-on-year for the quarter jumped 25.7 per cent to US$773m (€706m, £499m), an increase of US$158m (€137m, £96.8m) compared to 2014’s results.

Comcast attributed the sharp increase to high guest spend and attendance, driven by the roaring success of Orlando’s Wizarding World of Harry Potter – Diagon Alley attraction, which since opening in July 2014 has reportedly already paid off half its cost.

Operating cash flow for the company’s theme parks nearly doubled, jumping 44.9 per cent to US$354m (€323.3, £228.5m), compared to US$244m (€222.8m, £157.5m) in the same quarter last year.

Revenue for the first six months of 2015 jumped 29.2 per cent to US$1.4bn (€1.3bn, £904m), increasing from US$1.1bn (€1bn, £710m) for the same period in 2014.

Comcast executives said that despite the positive results, they don't expect to see the fast-paced momentum of Diagon Alley to continue now that the attraction is a year older, forecasting growth to slow with single digit returns in its next earning report.

Universal continues to invest in its theme parks, with plans for a ‘next-gen waterpark’ in Orlando, a King Kong ride at Islands of Adventure, a new Wizarding World in California and potential new theme parks worldwide. Universal also recently signed a deal with Nintendo for theme park rights.

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  Harry Potter goes Hollywood as Universal plans new Wizarding World in California for 2016


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The Warner Brothers Studio Tour London – The Making of Harry Potter, has officially launched its new 20,000sq ft (1,858sq m) Platform 9 ¾ expansion, bringing the original Hogwarts Express back to its studio home for visitors to enjoy.
  Hogwarts Express coming to Harry Potter studio tour


The Warner Brothers Studio Tour London – The Making of Harry Potter, has announced it will unveil a 20,000sq ft (1,858sq m) expansion to include the original Hogwarts Express steam engine along with a recreation of Platform 9 3/4 .
  Universal Osaka on course to break attendance record as new Harry Potter attraction casts spell on visitors


USJ Co, the operator of Universal Studios Japan, has said the Osaka theme park is on course to break its annual attendance record, drawing more than 10 million visitors to the park since the beginning of its fiscal year in April 2014.
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NEWS
Harry Potter drives success for Universal as Comcast records huge earnings for Q2
POSTED 27 Jul 2015 . BY Tom Anstey
Orlando’s Diagon Alley attraction has been a huge hit since its launch in 2014 Credit: Universal Orlando
Harry Potter has been a resounding success for Universal’s theme parks, after the boy wizard helped the company rake in millions of dollars in revenue for the first half of 2015.

Universal’s parent company Comcast, said as part of its Q2 earnings report that theme park revenue year-on-year for the quarter jumped 25.7 per cent to US$773m (€706m, £499m), an increase of US$158m (€137m, £96.8m) compared to 2014’s results.

Comcast attributed the sharp increase to high guest spend and attendance, driven by the roaring success of Orlando’s Wizarding World of Harry Potter – Diagon Alley attraction, which since opening in July 2014 has reportedly already paid off half its cost.

Operating cash flow for the company’s theme parks nearly doubled, jumping 44.9 per cent to US$354m (€323.3, £228.5m), compared to US$244m (€222.8m, £157.5m) in the same quarter last year.

Revenue for the first six months of 2015 jumped 29.2 per cent to US$1.4bn (€1.3bn, £904m), increasing from US$1.1bn (€1bn, £710m) for the same period in 2014.

Comcast executives said that despite the positive results, they don't expect to see the fast-paced momentum of Diagon Alley to continue now that the attraction is a year older, forecasting growth to slow with single digit returns in its next earning report.

Universal continues to invest in its theme parks, with plans for a ‘next-gen waterpark’ in Orlando, a King Kong ride at Islands of Adventure, a new Wizarding World in California and potential new theme parks worldwide. Universal also recently signed a deal with Nintendo for theme park rights.

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Harry Potter goes Hollywood as Universal plans new Wizarding World in California for 2016


Hogwarts is on its way to California after Universal announced plans for its hugely successful Wizarding World of Harry Potter attraction to feature in its Hollywood theme park.
Hogwarts Express makes Harry Potter Studio Tour debut


The Warner Brothers Studio Tour London – The Making of Harry Potter, has officially launched its new 20,000sq ft (1,858sq m) Platform 9 ¾ expansion, bringing the original Hogwarts Express back to its studio home for visitors to enjoy.
Hogwarts Express coming to Harry Potter studio tour


The Warner Brothers Studio Tour London – The Making of Harry Potter, has announced it will unveil a 20,000sq ft (1,858sq m) expansion to include the original Hogwarts Express steam engine along with a recreation of Platform 9 3/4 .
Universal Osaka on course to break attendance record as new Harry Potter attraction casts spell on visitors


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