Quantcast Universal to open a Beijing theme park
 
INTERCOT: Walt Disney World Vacation Planning Guide Walt Disney World Disney Cruise Line Mousehut Mail WebDisney News INTERCOT: Walt Disney World Vacation Guide
News Discussion Theme Parks Resorts Info Central Shop Interactive Podcast INTERCOT Navigtion
 

Results 1 to 2 of 2
  1. #1
    Join Date
    Nov 1999
    Location
    Mt. Laurel, New Jersey
    Posts
    4,249
    Post Thanks / Like

    Default Universal to open a Beijing theme park

    This was announced publicly a few weeks ago, but I don't see it having been posted.

    The Associated Press

    Universal Studios has signed a deal with a Chinese state-owned consortium to build a Hollywood theme park in Beijing to open in 2019, state media reported Tuesday.

    A signing ceremony for the joint venture took place Sunday at the New York headquarters of Comcast NBCUniversal, which owns Universal Studios Hollywood.

    Universal Parks & Resorts, a Comcast unit, is partnering with Beijing Shouhuan Cultural Tourism Investment Co. Ltd., a consortium of four state-owned companies, to invest in and operate the project.

    China's Cabinet and national economic planning agency approved the theme park project 13 years in the making in September last year.

    It will be Universal's third theme park in Asia, after Singapore and Osaka, Japan. The park, an entertainment complex and the first-ever Universal-branded hotel will occupy a 120-hectare (300-acre) site in Tongzhou district in Beijing's east. A second phase would involve another theme park, a water park and a further five resort hotels, according to state media. Universal has said the resort will eventually encompass 400 hectares (1,000 acres).

    Investment in the project is reportedly more than 50 billion yuan ($8 billion), including the expansion of a subway line.

    As U.S. and European amusement parks see flattening or declining attendance, entertainment companies are betting on China to drive expansion.

    The Walt Disney Co. is building a $5.5 billion theme park resort including hotels and a theater in Shanghai, expected to open in spring 2016.

    In 2017, Dreamworks Animation SKG Inc. and Chinese partners are expected to complete a $2.4 billion entertainment complex in Shanghai, featuring bars, restaurants and performance venues. It will also showcase a "Dream Avenue" theater district modeled on London's West End and New York City's Broadway.

    State media said a ceremony to mark the signing of the joint venture agreement between Universal and Shouhuan was attended by Brian L. Roberts, chairman and CEO of Comcast Corp. and Shouhuan's general manager, Yu Xuezhong, among others.

    NBCUniversal didn't immediately respond to requests for comment.

    Reprinted with permission from Copyright Clearance Center. 2015
    Christine o

    Intercot Staff-Accommodations, Dining, Guests with Special Needs

    Please support Intercot's Sponsors

  2.     Please Support INTERCOT's Sponsors:
  3. #2
    Join Date
    Nov 2005
    Posts
    4,877
    Post Thanks / Like

    Default

    Thanks for the report!
    Rita (aka NJGIRL)

Share This Thread On Social Media:

Share This Thread On Social Media:

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

 
Company
Advertising
Guest Relations
Community
Discussion Boards
Podcast
Newsletter
Shop
Social
Facebook
Twitter
Instagram
YouTube
Pinterest
Subscribe to our Newsletter
Enter your email address below to receive our newsletter:
INTERCOT Logo PRIVACY STATEMENT / DISCLAIMER | DISCUSSION BOARD RULES
Since 1997 INTERCOT - a Levelbest Communications Website. This is not an official Disney website.
> Levelbest Network Site