Florida officials and Comcast Corp. CEO Brian Roberts announced plans on Thursday for a big expansion of the Universal theme park operations in the Orlando with a new park expected to employ about 14,000 workers.
The current park employs about 25,000 workers.
According to inquirer.com, Comcast did not disclose a timeline for the project or say how much would be invested. The company said that its Universal unit has agreed to finance $160 million in road extensions to open an area for Epic Universe.
The Philadelphia-based company has faced deep cable-TV subscriber losses as people look to cut their cord and cable bills, opting for streaming services instead. Looking for growth, Comcast has focused on high-speed internet services, theme parks, and global markets.
“Our new park represents the single-largest investment Comcast NBCUniversal has made in its theme park business and in Florida overall,” Roberts said in a statement. “It reflects the tremendous excitement we have for the future of our theme park business and for our entire company’s future in Florida.”
Epic Universe will include hotels, shops, and restaurants, in addition to entertainment attractions. The new park will be located within a 750-acre site.
The highly profitable theme park business has boomed for Comcast. In the Philadelphia company’s recently reported second-quarter earnings, theme parks comprised about 18 percent of revenues in its NBCUniversal division but 24 percent of earnings.
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