Comcast's reversal on theme park business leads to billions in investment

Posted | Contributed by Jeff

Comcast is pouring billions into Universal Orlando and a sister property in California, opening major attractions and resort hotels at breakneck speed — and visitors are flooding the gates as a result. Attendance increased 10.4 percent last year, with Universal parks generating 40.2 million turnstile clicks. For the first half of this year, NBCUniversal’s theme park unit had operating cash flow of $617 million, a 49 percent increase from the same period a year ago.

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