For about $7B, Universal’s parent, Comcast (CMCSA), built the first major U.S. amusement park to open in over twenty years, Jacob Passy of The Wall Street Journal reports. The goal of this new theme park is vacation-destination supremacy over other parks, such as Disney (DIS). Epic’s debut, however, comes as some Americans are scaling back vacation plans amid economic concerns.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CMCSA:
- NBCUniversal to bid for ESPN’s MLB package, WSJ reports
- Comcast Stock (NASDAQ:CMCSA) Dips Despite Major Marketing Push
- Streaming services are finally becoming profitable, WSJ reports
- “Expected Mass Layoffs”: Paramount Stock (NASDAQ:PARA) Slips as CBS News Pares Staff
- Now Streaming: Max to become HBO Max again