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Universal theme parks break US$1bn barrier in first quarter with staggering results
POSTED 29 Apr 2016 . BY Tom Anstey
Universal has smashed expectations with a staggering 57.5 per cent jump in theme park revenues
Prior to its acquisition of DreamWorks on 28 April, Comcast released its financial results for the first quarter of 2016, with its theme park division smashing expectations through a staggering 57.5 per cent jump in theme park revenues.

In Q1, Universal’s theme parks drew US$1.02bn (€901m, £701m) in revenue, up from US$651m (€575.3m, £447.3m) with operating cash flow for theme parks also jumping 53.6 per cent to US$375m (€331m, £257.7m), up from US$244m (€215.6m, £167.7m) in Q1 2015.

It’s been a busy period for Universal, with the opening of its new Harry Potter attraction at Universal Studios Hollywood and the acquisition of majority ownership of Universal Studios Japan, which the company acquired in late 2015.

Overall, Comcast reported a 5.3 per cent revenue increase to US$18.7bn (€16.5bn, £12.8bn) for the quarter, a rise from US$17.8bn (€15.7bn, £12.2bn) for the same period in 2015.

While Universal has been enjoying great success with its new attractions, the company is not resting on its laurels. During a conference call last year, Comcast promised one 'great attraction' a year at all Universal resorts, something it has so far lived up to with upcoming notable investments including Skull Island: The Reign of Kong for Islands of Adventure and its Volcano Bay waterpark in Orlando.

RELATED STORIES
  Comcast acquires DreamWorks as theme park giants battle for top IPs


With Comcast confirming the US$3.8bn (€3.4bn, £2.6bn) acquisition of DreamWorks, sources close to the deal say the move isn’t about acquiring its famous IPs to produce movies, rather to boost its theme park businesses and accelerate consumer products.
  Harry Potter’s magic spell yields Universal US$1bn in latest earnings report


The ongoing success of Harry Potter, in addition to Universal’s increased stake in Universal Studios Japan, has resulted in strong earnings of more than US$1bn (€896m, £683m) for parent company Comcast in its latest earnings report.
  Harry Potter drives attendance as Universal racks up record numbers for Q3


Universal has continued its theme park growth spearheaded by Harry Potter, with parent company Comcast reporting record attendance at its theme parks in Orlando and California.
  Comcast to purchase US$1.5bn majority stake in Universal Studios Japan


Comcast is set to make its largest purchase outside of the US when the entertainment conglomerate buys a majority stake in Universal Studios Japan for US$1.5bn (€1.3bn, £988m).
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Jobs    News   Products   Magazine
NEWS
Universal theme parks break US$1bn barrier in first quarter with staggering results
POSTED 29 Apr 2016 . BY Tom Anstey
Universal has smashed expectations with a staggering 57.5 per cent jump in theme park revenues
Prior to its acquisition of DreamWorks on 28 April, Comcast released its financial results for the first quarter of 2016, with its theme park division smashing expectations through a staggering 57.5 per cent jump in theme park revenues.

In Q1, Universal’s theme parks drew US$1.02bn (€901m, £701m) in revenue, up from US$651m (€575.3m, £447.3m) with operating cash flow for theme parks also jumping 53.6 per cent to US$375m (€331m, £257.7m), up from US$244m (€215.6m, £167.7m) in Q1 2015.

It’s been a busy period for Universal, with the opening of its new Harry Potter attraction at Universal Studios Hollywood and the acquisition of majority ownership of Universal Studios Japan, which the company acquired in late 2015.

Overall, Comcast reported a 5.3 per cent revenue increase to US$18.7bn (€16.5bn, £12.8bn) for the quarter, a rise from US$17.8bn (€15.7bn, £12.2bn) for the same period in 2015.

While Universal has been enjoying great success with its new attractions, the company is not resting on its laurels. During a conference call last year, Comcast promised one 'great attraction' a year at all Universal resorts, something it has so far lived up to with upcoming notable investments including Skull Island: The Reign of Kong for Islands of Adventure and its Volcano Bay waterpark in Orlando.

RELATED STORIES
Comcast acquires DreamWorks as theme park giants battle for top IPs


With Comcast confirming the US$3.8bn (€3.4bn, £2.6bn) acquisition of DreamWorks, sources close to the deal say the move isn’t about acquiring its famous IPs to produce movies, rather to boost its theme park businesses and accelerate consumer products.
Harry Potter’s magic spell yields Universal US$1bn in latest earnings report


The ongoing success of Harry Potter, in addition to Universal’s increased stake in Universal Studios Japan, has resulted in strong earnings of more than US$1bn (€896m, £683m) for parent company Comcast in its latest earnings report.
Harry Potter drives attendance as Universal racks up record numbers for Q3


Universal has continued its theme park growth spearheaded by Harry Potter, with parent company Comcast reporting record attendance at its theme parks in Orlando and California.
Comcast to purchase US$1.5bn majority stake in Universal Studios Japan


Comcast is set to make its largest purchase outside of the US when the entertainment conglomerate buys a majority stake in Universal Studios Japan for US$1.5bn (€1.3bn, £988m).
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HUM2N opens longevity clinic at Six Senses London
Global luxury hospitality brand, Six Senses, has partnered with longevity healthcare provider, HUM2N, to launch a clinic at Six Senses London, at The Whiteley.
KX Chelsea invests £15 million to upgrade its wellness offering
Premium London health club, KX Chelsea, will imminently unveil its most significant redevelopment since its launch in 2002 to create an integrated wellness model combining training, recovery and relaxation.
Researchers identify a drug which reduces muscle loss when using GLP-1 medications
Researchers in the US have identified an antibody which could greatly reduce the loss of lean muscle mass in people who are taking weight-loss medications.
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