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Execs from China were/still are in Orlando this week looking at Universal and Sea World properties.
Strange. According to this article (in Japanese)...
...Universal Parks chairman Tom Williams said that there "are no plans to build a theme park in China at the moment".
How can that be? "Demolition of existing structures and site clearing on the site has already begun" and "construction is due to start in the fourth quarter of 2014", as reported earlier below...
Article Link:Comcast-owned Universal Studios is now breaking ground with its forthcoming film-themed amusement park in China, which it expects to open in 2018. However, Universal Studios is not new to Asia -- this new park near Beijing will be the company's fourth in Asia outside of the well-established ones in Japan and Singapore and the coming Universal Studios park in South Korea.
Theme park operations have been a lucrative segment for Comcast, both because of the American theme parks and the company's Asian growth. The company made $2.2 billion in total theme park income during 2013 and reported $1 billion in operating cash flow. At an investor conference in January, Comcast CEO Brian Roberts said that the company is "doubling down on theme parks," and that "We think there is a lot there in the theme park business for many years to come, and that we have the low market share and only one way to go."
Any idea who the chinese partner is?
Published in the Hollywood Reporter on 4th March 2014:
Source:Universal Studios is planning to open a Hollywood movie theme park, Universal Studios Beijing, in the suburbs of the Chinese capital in collaboration with a local state tourism company.
The news was released on the website Sina's property pages, and spread quickly online, with much excited chatter on China's Twitter, Weibo.
The facility will cover a 51-acre site and the total budget will be 12 billion yuan ($1.95 billion), with construction due to start in the fourth quarter of 2014, according to the local media report.
Sources:(1/7/14) According to this report at ThemeParkInsider, a report found from Shanghai Securities News claims that an application to begin construction on a Universal Studios park in the Tongzhou District of Beijing was filed, with work to begin in late 2014 on this $2 billion project. They claim that demolition of existing structures and site clearing on the site has already begun, with a goal of opening the park in 2018.