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Comcast NBCU To Buy 51% Of Universal Studios Japan

Comcast NBCUniversal said that it agreed to purchase 51% of Universal Studios Japan for $1.5 billion.

The current owners--including Goldman Sachs, Universal Studios Japan CEO Glenn Gumpel, MBK Partners and Owl Creek Asset Management--will retain a minority stake. Universal Studios Japan currently operates as an independent company under license from NBCU.

The purchase will enable Comcast NBCU and its Universal Parks and Resorts division to build a stronger , more direct presence in Japan and grow and evolve the theme park, Comcast said

The park has been growing in attendance and revenue and features classic Universal attractions as well as some specifically designed for Japan.

Read more at B&C. 

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.