Posted Thursday, January 13, 2005 11:46 AM | Contributed by Jeff
General Electric Co. has locked itself into the volatile theme-park business for another year, promising not to sell its share of Universal Orlando at least until 2006. GE has renewed an agreement with the Blackstone Group -- the New York private-equity firm that owns the other half of Universal Orlando -- to prevent any sale until after January 1, 2006.
Read more from The Orlando Sentinel.
I get really nervous about any change in ownership because I think they really have a good thing going down there.
We are allready looking forward to going back for a winter break next year.
I too am nervous about a change in ownership. However, I wonder if the current group(s) have any incentive to upgrade at this time...?
I would think that IOA is due for something in the near future IF it is to keep up...Of course it has such a nice lead in terms of thrills and theming, that maybe there is no need for upgrades yet...
I would hope that if Universal is sold, that Paramount would end up picking them up. I think they would do well, since they're trying to mold themselves into a movie park anyhow. I just wish they would have gotten the Sci-Fi channel (esp. for Star Trek).
Sci-Fi channel, Bravo, USA network, Telemundo, CNBC, & MSNBC are all part of the NBC networks now. Sci-Fi and USA were acquired with the Vivendi deal if I remember correctly. NBC had already picked up Bravo and Telemundo in previous deals.
As to the parks, I don't see how they can see it as anything else other then a win-win situation for everyone. They get free advertising for their networks and an unlimited supply of themeing options. The one thing that concerns me with GE/NBC is the monitary commit to running three heavily themed parks and continuing competition with the mouse.
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