Universal Theme Parks Are Bound for a Long Stretch of Rapid Growth, CEO Says
Skift Take
NBCUniversal is expanding its theme park empire around the globe, but wisely continuing to up its game in domestic properties at the same time.
The movie-inspired rides, Harry Potter-themed lands, and growing collection of hotels that make up Universal Parks & Resorts have been performing well for parent company Comcast Corp. — so well that the cable and entertainment giant wants the segment to keep growing.
Stephen Burke, CEO of NBCUniversal and a senior executive vice president at Comcast, praised the performance of the company's theme parks at the Bank of America Merrill Lynch 2016 Media, Communications & Entertainment Conference recently. The parent company owns parks in Orlando and Hollywood, bought control of the theme park in Japan last year, and has a le
