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Merlin could pull plug on Shrek’s Adventure roll out
POSTED 06 Mar 2017 . BY Alice Davis
Shrek's Adventure London is an immersive, actor-led 90-minute experience
It’s almost a year since Universal’s parent company Comcast acquired DreamWorks, and now Merlin Entertainments boss Nick Varney has to decide what to do with its Shrek’s Adventure midway.

DreamWorks IPs include Shrek, Madagascar, Kung Fu Panda and How to Train Your Dragon, characters and worlds that translate well into themed entertainment environments. But since Merlin partnered with DreamWorks, Universal swooped in with its US$3.8bn (€3.6bn, £3.1bn) buyout.

Varney said in an earnings call that he had met Universal in January and that there were no concerns about them seeing out the standing contract with DreamWorks, which was for six Shrek’s Adventure midways globally, the first of which opened in London in 2015.

“We were pleased with the London attraction and it’s doing well,” Varney said. “What we don’t have from Universal is a guarantee that beyond these six we can continue to roll out more. And so right now we are assessing whether we are going to do the other five, whether we are going to switch to another IP or, basically, selectively do ones in big city centres where we think they’d do well.”

Varney added that the relationship is positive and that Comcast could well still be contemplating what to do with the DreamWorks acquisition going forward. However, it’s possible that Merlin will decide against rolling out the Shrek’s Adventure midway as was previously planned.
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Jobs    News   Products   Magazine
NEWS
Merlin could pull plug on Shrek’s Adventure roll out
POSTED 06 Mar 2017 . BY Alice Davis
Shrek's Adventure London is an immersive, actor-led 90-minute experience
It’s almost a year since Universal’s parent company Comcast acquired DreamWorks, and now Merlin Entertainments boss Nick Varney has to decide what to do with its Shrek’s Adventure midway.

DreamWorks IPs include Shrek, Madagascar, Kung Fu Panda and How to Train Your Dragon, characters and worlds that translate well into themed entertainment environments. But since Merlin partnered with DreamWorks, Universal swooped in with its US$3.8bn (€3.6bn, £3.1bn) buyout.

Varney said in an earnings call that he had met Universal in January and that there were no concerns about them seeing out the standing contract with DreamWorks, which was for six Shrek’s Adventure midways globally, the first of which opened in London in 2015.

“We were pleased with the London attraction and it’s doing well,” Varney said. “What we don’t have from Universal is a guarantee that beyond these six we can continue to roll out more. And so right now we are assessing whether we are going to do the other five, whether we are going to switch to another IP or, basically, selectively do ones in big city centres where we think they’d do well.”

Varney added that the relationship is positive and that Comcast could well still be contemplating what to do with the DreamWorks acquisition going forward. However, it’s possible that Merlin will decide against rolling out the Shrek’s Adventure midway as was previously planned.
RELATED STORIES
Multi-million pound Shrek's Adventure comes to Merlin's London cluster


Merlin Entertainments has launched the latest attraction at its London cluster on the River Thames, a ‘game-changing’ fully immersive Shrek attraction, which the project’s creative director has said will take linear experiences to new heights.
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Global group exercise specialist, Les Mills, is inviting operators to sign up to its Workout for the World event on 20 June, in support of UNICEF.
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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
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