Comcast Buys Remaining Stake in NBC Universal - The DIS Discussion Forums

ADP · 02-13-2013, 08:15 AM

I posted this in the Unplugged forum and thought it would be good discussion here.

Comcast announced after the closing bell yesterday 2/12 that they are buying General Electric's (GE) stake in NBC Universal for 16.7 billion. GE did own 49% of the company and now Comcast took over their share. This means Comcast has entire ownership of Universal Studios theme parks.

Now that Comcast owns the parks outright it should be interesting to see what more they do in the years ahead. They've already commited. 1.5 billion to current and near term theme park projects.

It's kind of funny in a way because it was Comcast who tried to buy Disney for 54 billion back in 2004 and have made other attempts at mergers recently. I think if Comcast had their way they'd own the entire media and theme park world. Who knows....Someday they might.

Get your popcorn and spectator glasses on because its now going to be Disney versus Comcast in the years ahead for our theme park dollar.

damo · 02-13-2013, 08:36 AM

I'm really interested to see how the parks transform in the next few years. I know that Comcast is really happy with how things have been going.

patster734 · 02-13-2013, 08:40 AM

Comcast Xfinity Quadruple Play - tv, phone, internet, and park tickets!

ADP · 02-13-2013, 08:43 AM

Quote:

Originally Posted by damo

I'm really interested to see how the parks transform in the next few years. I know that Comcast is really happy with how things have been going.

Me too....Comcast has deep pockets and I hope they reach into them often for the theme parks.

Quote:

Originally Posted by patster734

Comcast Xfinity Quadruple Play - tv, phone, internet, and park tickets!

Nice!

SpacePlace · 02-13-2013, 05:31 PM

I think this is great. I've read the Comcast reports and they place a great pride and emphasis on the parks. DL couldn't have had the level of success it did if it hadn't been backed by all the $ that went into building it. Comcast gets this. Disney doesn't quite get this anymore. I think it'll be exciting to see what comes of this buyout.

Metro West · 02-14-2013, 06:40 AM

When Comcast first purchased the 50% share from Blackstone, I was a little concerned that nothing much would happen. I was actually hoping Blackstone would purchase all of Universal (they had just closed on SeaWorld) and make a two resort deal with SeaWorld. Then it would have been Disney vs Blackstone. But when they decided to sell their share, I was thinking they were crazy for selling when they did. Now...this is the best thing that could have happened...IMHO.

I don't think there is any love lost between the "powers that be" at Comcast for Disney so I expect a full on mass improvement project(s) for Universal for the forseeable future.

Bring it on!

Rip · 02-14-2013, 08:04 AM

Quote:

Originally Posted by Metro West

When Comcast first purchased the 50% share from Blackstone, I was a little concerned that nothing much would happen. I was actually hoping Blackstone would purchase all of Universal (they had just closed on SeaWorld) and make a two resort deal with SeaWorld. Then it would have been Disney vs Blackstone. But when they decided to sell their share, I was thinking they were crazy for selling when they did. Now...this is the best thing that could have happened...IMHO.

I don't think there is any love lost between the "powers that be" at Comcast for Disney so I expect a full on mass improvement project(s) for Universal for the forseeable future.

Bring it on!

This. I felt the same way and completely agree now. I think there are still some in the upper echelon of Comcast that want to "show Disney up" for preventing them buying Disney out years ago.

cbsnyber1 · 02-14-2013, 08:11 PM

Quote:

Originally Posted by Metro West

When Comcast first purchased the 50% share from Blackstone, I was a little concerned that nothing much would happen. I was actually hoping Blackstone would purchase all of Universal (they had just closed on SeaWorld) and make a two resort deal with SeaWorld. Then it would have been Disney vs Blackstone. But when they decided to sell their share, I was thinking they were crazy for selling when they did. Now...this is the best thing that could have happened...IMHO.

Unfortunately, Blackstone is in it for the short term on all its investments. My current company is owned by Blackstone, and it just applied for an IPO, after about seven years of Blackstone ownership. That's what they do - buy, build brand, sell when they can get X times current EBITDA. Doesn't matter what might happen, they know when they should sell. I'll bet they made a bundle on their NBC/Universal investment.

And you are right - Blackstone is huge, tons of capital reserve, would have been interesting to see what they might have done with Uni long term.

keishashadow · 02-15-2013, 09:14 AM

Comcast is all in, time to show their cards

02-13-2013, 08:15 AM	#1
ADP I'm a huggin' foolWon't some sweet mama come and take a chance with me Join Date: Sep 2006 Location: Fishers, IN Posts: 8,712	Comcast Buys Remaining Stake in NBC Universal I posted this in the Unplugged forum and thought it would be good discussion here. Comcast announced after the closing bell yesterday 2/12 that they are buying General Electric's (GE) stake in NBC Universal for 16.7 billion. GE did own 49% of the company and now Comcast took over their share. This means Comcast has entire ownership of Universal Studios theme parks. Now that Comcast owns the parks outright it should be interesting to see what more they do in the years ahead. They've already commited. 1.5 billion to current and near term theme park projects. It's kind of funny in a way because it was Comcast who tried to buy Disney for 54 billion back in 2004 and have made other attempts at mergers recently. I think if Comcast had their way they'd own the entire media and theme park world. Who knows....Someday they might. Get your popcorn and spectator glasses on because its now going to be Disney versus Comcast in the years ahead for our theme park dollar. __________________ Indianapolis Disney Meet - 6th Annual - All Welcome

02-13-2013, 08:40 AM	#3
patster734 Proud Redhead> Not the sad bluehead Join Date: Apr 2004 Location: Raytown, Missouri Posts: 2,526	Comcast Xfinity Quadruple Play - tv, phone, internet, and park tickets! __________________ I'm no longer the blue haired stepchild! I've been promoted to proud redhead!

02-14-2013, 06:40 AM	#6
Metro West Proud Redhead 11.47 Miles from Universal 23.56 Miles from Disney Join Date: Apr 2005 Location: NW Orlando, FL Posts: 42,340	When Comcast first purchased the 50% share from Blackstone, I was a little concerned that nothing much would happen. I was actually hoping Blackstone would purchase all of Universal (they had just closed on SeaWorld) and make a two resort deal with SeaWorld. Then it would have been Disney vs Blackstone. But when they decided to sell their share, I was thinking they were crazy for selling when they did. Now...this is the best thing that could have happened...IMHO. I don't think there is any love lost between the "powers that be" at Comcast for Disney so I expect a full on mass improvement project(s) for Universal for the forseeable future. Bring it on! __________________ ** Universal Orlando annual passholder since 2004! **

02-15-2013, 09:14 AM	#9
keishashadow Proud Redhead When you gotta go, you gotta go ... it's a girl thing Hmmm, I lust I TOLD YOU SO! Join Date: Dec 2004 Location: Pittsburgh Posts: 18,580	Comcast is all in, time to show their cards __________________ Will trade 'nanners taken in trade by the Tag Fairy for your tag for tags!

Thread Tools
Show Printable Version Email this Page
Display Modes	Rate This Thread
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode	Rate This Thread:

Sponsored Links
The DIS Register to remove Join Date: 1997 Location: Orlando, FL Posts: 1,000,000

02-13-2013, 08:36 AM	#2
damo Proud Redhead amok amok amok The curly haired dude said he wouldn't be joining me this vacation! Join Date: Dec 2000 Location: Hagrid's hut Posts: 26,171	I'm really interested to see how the parks transform in the next few years. I know that Comcast is really happy with how things have been going.

02-13-2013, 05:31 PM	#5
SpacePlace Mouseketeer Join Date: Jan 2013 Posts: 131	I think this is great. I've read the Comcast reports and they place a great pride and emphasis on the parks. DL couldn't have had the level of success it did if it hadn't been backed by all the $ that went into building it. Comcast gets this. Disney doesn't quite get this anymore. I think it'll be exciting to see what comes of this buyout.