ORLANDO — A fourth theme park could very well be on its way to Universal Orlando, a bombshell of an announcement that was made during a second-quarter earnings call last week for Universal parent company Comcast.
When asked whether the company would be planning another gate in Orlando by Bank of America Merrill Lynch analyst Jessica Reif Cohen, who also noted that Universal filed for the name ‘Fantastic Worlds’ with the patent office in June, Stephen Burke, CEO of NBCUniversal said, “We are looking at it. We filed basically a name registration.”
Burke went on to say that the theme park business is one of the company’s best, most consistent businesses. “And we think we have a lot of very long runway and that another gate in Florida would have the advantage of turning Florida from a two-to-three-day destination to potentially a weeklong destination.”
The news comes as Comcast also reported a Q2 revenue increase of 3.6%, or US$1.4 billion, of its theme park division, thanks in large part to the opening of new attractions like Fast & Furious Supercharged.
In the first half of 2018, theme park revenue spiked by 8.6% to $2.6 billion, while adjusted earnings increased 12.3% to $1.1 billion.
It was reported in October 2017 by the Orlando Sentinel that Universal Orlando purchased an additional 101 acres of land in Orlando. It currently boasts three theme parks in Orlando: Universal Studios Florida, Islands of Adventure, and Volcano Bay.