Disney Information Station Logo

Go Back   The DIS Discussion Forums - DISboards.com > Universal Studios/Sea World > Universal Studios/Islands of Adventure Forums
Find Hotel Specials & DIScounts
 
facebooktwitterpinterestgoogle plusyoutubeDIS UpdatesDIS email updates
Register Chat FAQ Tickers Search Today's Posts Mark Forums Read


Reply
 
Thread Tools Rate Thread Display Modes
Old 02-13-2013, 08:15 AM   #1
ADP
I'm a huggin' foolWon't some sweet mama come and take a chance with me
 
ADP's Avatar
 
Join Date: Sep 2006
Location: Fishers, IN
Posts: 8,924

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.
ADP is offline   Reply With Quote
Old 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!
 
damo's Avatar
 
Join Date: Dec 2000
Location: Hagrid's hut
Posts: 28,995

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.
damo is offline   Reply With Quote
|
The DIS
Register to remove

Join Date: 1997
Location: Orlando, FL
Posts: 1,000,000
Old 02-13-2013, 08:40 AM   #3
patster734
Proud Redhead>
Not the sad bluehead
 
patster734's Avatar
 
Join Date: Apr 2004
Location: Raytown, Missouri
Posts: 2,630

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


Plans to skip HHNs this year in favor of attending the Christmas holiday activities.
patster734 is offline   Reply With Quote
Old 02-13-2013, 08:43 AM   #4
ADP
I'm a huggin' foolWon't some sweet mama come and take a chance with me
 
ADP's Avatar
 
Join Date: Sep 2006
Location: Fishers, IN
Posts: 8,924

Quote:
Originally Posted by damo View Post
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 View Post
Comcast Xfinity Quadruple Play - tv, phone, internet, and park tickets!
Nice!
ADP is offline   Reply With Quote
Old 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.
SpacePlace is offline   Reply With Quote
Old 02-14-2013, 06:40 AM   #6
Metro West
Proud Redhead
11.47 Miles from Universal
23.56 Miles from Disney
 
Metro West's Avatar
 
Join Date: Apr 2005
Location: NW Orlando, FL
Posts: 44,324
DISboards Moderator

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! ****
Metro West is offline   Reply With Quote
Old 02-14-2013, 08:04 AM   #7
Rip
Proud Redhead
 
Join Date: May 2009
Posts: 1,904

Quote:
Originally Posted by Metro West View Post
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.
Rip is offline   Reply With Quote
Old 02-14-2013, 08:11 PM   #8
cbsnyber1
Baxter the zzzzzzz Corgi Wonderdog
 
cbsnyber1's Avatar
 
Join Date: Dec 2008
Location: Western Pa...deep in the hills
Posts: 450

Quote:
Originally Posted by Metro West View Post
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.
__________________
Cbsnyber1

"The problem is not that some set the bar too high and miss it, it's that some set the bar too low and hit it"

cbsnyber1 is offline   Reply With Quote
Old 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!
 
keishashadow's Avatar
 
Join Date: Dec 2004
Location: Pittsburgh
Posts: 19,578

Comcast is all in, time to show their cards
__________________
Will trade 'nanners taken in trade by the Tag Fairy for your tag for tags!

keishashadow is offline   Reply With Quote
Reply



Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

facebooktwitterpinterestgoogle plusyoutubeDIS Updates
GET OUR DIS UPDATES DELIVERED BY EMAIL



All times are GMT -5. The time now is 02:36 AM.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

Copyright © 1997-2014, Werner Technologies, LLC. All Rights Reserved.