Universal Theme Park Growth Is Still in High Gear
Photo Credit: Blue, from the Jurassic World franchise, was added to Universal parks in Florida and California last year. Universal Studios Hollywood is opening a Jurassic World addition this year. Universal Parks & Resorts
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Universal theme parks are expanding in the U.S. and around the world even as larger rival Disney continues to pour money into growing its parks and resorts. As long as returns are healthy, expect the theme park wars to rage on.
Universal's parent company is looking to some dependable cash cows — dinosaurs and the boy wizard — for a theme park bump in 2019.
Jurassic World, an update of the old Jurassic Park ride at Universal Studios Hollywood, opens this year, as does a new Harry Potter roller coaster at Islands of Adventure in Orlando. That ride replaces an older coaster that was torn down.
"We remain bullish on the outlook for our parks over the next several years as we're investing in a robust pipeline," Comcast Chief Financial Officer Michael Cavanagh said during an earnings
