Comcast's NBC-Universal buys Blackstone stake in Universal Orlando for $1 billion

Posted | Contributed by Jeff

Comcast Corp.’s NBC-Universal agreed to buy the 50 percent stake in two Universal Studios theme parks it doesn’t already own from private-equity firm Blackstone Group LP for about $1 billion. The transaction puts the overall value of the Orlando, Florida parks at about $3.17 billion, Philadelphia-based Comcast said in a statement today. Blackstone, based in New York, paid about $275 million for its stake in 2000.

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Hooray, Kabletown! It seemed like a no-brainer to me from the start, despite the analyst oppositions. It's good news for us because it means nothing changes in a negative way.

Jeff - Editor - CoasterBuzz.com - My Blog

I agree Jeff. I am looking forward to see what direction Comcast takes with the theme park division. Dare I say could it rival the mouse? :)

Color me surprised.

Coasterfantom2 said:
I am looking forward to see what direction Comcast takes with the theme park division.

They're just going to start putting artificial caps on everyone's fun quota. ;)

And then one day you find ten years have got behind you
No one told you when to run, you missed the starting gun

They are also planning on throttling the coasters' speeds and charge the riders and ride operators everytime a certain coaster exceeds "speedwidth".

IHC Ride-Op: "I'm sorry the Incredible Hulk Coaster is closed right now due to technical difficulties. A technician will be coming by on Thursday between 8am and 4pm to fix the attraction, thank you.

I can see it now: Harry Potter and the Comcastic Journey! UGH!

cyberdman

Wow, who knew comcast had that much paper.

delan said:
Wow, who knew comcast had that much paper.

It will be paid by me and the other million households who send comcast a hundred dollars a month for cable and internet :)

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