Numlock News: January 27, 2023 • Universal, Big Box, Garbage Fire
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By Walt Hickey Have a great weekend! Universal Universal’s theme parks have been a major bright spot on the earnings of Comcast, the cable company, responsible for $2.11 billion in revenue in the fourth quarter of 2022, up significantly from the $1.56 billion in the fourth quarter of 2019. The company is betting big on the parks, too, with the West Coast park opening Super Nintendo World in just under a month and Epic Universe opening up in Florida in 2025. The company is tired of being second banana to Disney, and is investing accordingly: Epic Universe will double the size of Universal Studios Orlando and will cost $1 billion, a massive sum compared to the $600 million Galaxy’s Edge expansion of Disneyland in California. While that’s a lot of red ink, at least people spend money in theme parks; their streaming service, Peacock, is expected to lose up to $3 billion in 2023.
Numlock News: January 27, 2023 • Universal, Big Box, Garbage Fire
Numlock News: January 27, 2023 • Universal…
Numlock News: January 27, 2023 • Universal, Big Box, Garbage Fire
By Walt Hickey Have a great weekend! Universal Universal’s theme parks have been a major bright spot on the earnings of Comcast, the cable company, responsible for $2.11 billion in revenue in the fourth quarter of 2022, up significantly from the $1.56 billion in the fourth quarter of 2019. The company is betting big on the parks, too, with the West Coast park opening Super Nintendo World in just under a month and Epic Universe opening up in Florida in 2025. The company is tired of being second banana to Disney, and is investing accordingly: Epic Universe will double the size of Universal Studios Orlando and will cost $1 billion, a massive sum compared to the $600 million Galaxy’s Edge expansion of Disneyland in California. While that’s a lot of red ink, at least people spend money in theme parks; their streaming service, Peacock, is expected to lose up to $3 billion in 2023.