So long, Epic Universe . Universal's next Orlando theme park--which would've been the East Coast home of Super Nintendo World--has been delayed indefinitely, after reporting an almost $1.5 billion drop in second quarter theme park revenues year-over-year.
Universal's third Florida theme park, rumored to feature Nintendo, classic monsters, and more Harry Potter, isn't going forward.
, its third Florida theme park that was originally scheduled to open in 2023, has been indefinitely postponed.Universal hadn’t released much official information about Epic Universe, other than that it was being built on a parcel of land about five miles away from the rest of Universal Orlando Resort, and that it would be one of two American homes of Super Nintendo World, which was scheduled to open in Japan this summer. Based on concept art and internal rumors, it’s believed Epic Universe would also have distinct lands based on a variety of popular franchises, including How to Train Your Dragon and the classic Universal Monsters. It was also rumored to have attractions based on the Fantastic Beasts series, a spinoff of Harry Potter. Due to the pandemic, construction was halted and its opening was pushed back to 2024 in April. With no end in sight for the coronavirus, though, the company will now pause all plans for the new park.
This is how bad the pandemic has been for the theme park industry. In the second quarter of 2020,revenue for Universal’s theme park division fell 94 percent year-over-year. A division that took in almost $1.5 billion in the second quarter of 2019 only made $87 million the same quarter in 2020. Of course most of the company’s parks were closed in the second quarter, with only its two parks in Orlando and its Japanese park reopening in June. Attendance has been extremely light across the board for Florida theme parks since reopening, and it doesn’t seem like any relief will be coming soon, as COVID-19 cases continue to rise and
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Disney's Theme Park and Cruise Line Division Lost Almost $2 Billion Last QuarterDisney's theme park and cruise line division lost almost $2 billion last quarter, with revenue falling 85% year-over-year. Could not care less. There is no violin small enough for Disney.
Coronavirus shutdown cost Disney $3.5 billion in theme park operating income in the third quarterWhile Disney was able to reopen most of its international theme parks in recent months, the continued closure of Disney World and Disneyland in the U.S. resulted in a big financial hit. no shit? So you mean to say...that closed businesses dont make money? Ace reporting there. idiots thats too bad. Poor Disney whatever will they do 🤷🏽♂️
Disney lost nearly $5 billion while theme parks were closed due to coronavirusIt cost the company $3.5 billion just to close the theme parks during the third quarter, on top of the $1 billion it cost to shut them down the second half of March. Oh no And? Your point is what?
Katie Price slams claim she faked breaking her feet amid swirling bunion rumourThe mum has hit back after trolls accused of her of lying about a horror theme park accident that saw her break both her feet Where there's blame there's a claim haha She's cried wolf so many times no one knows what 💩 is going 2 come out of her mouth next. Bunions, corns, cankles, veins, whatever. She shouldn't have left Harvey on his own in the 1st place after his ICU spell, & no doubt she isn't going 2 quarantine for 14 days 2 protect him
Disney Loses Nearly $5 Billion as Pandemic Slams Theme ParksThe entertainment company’s revenue fell 42% in the latest quarter as the pandemic wreaked havoc on its theme parks and other businesses, resulting in a $4.72 billion loss. 😯 Did they really lose that much? Or they just didn't make their projections?
Disney's 'Mulan' to skip most movie theaters for streamingWalt Disney Co's live-action epic 'Mulan' will skip most of the world's movie theaters and go directly to the company's streaming platform in September, the media giant said on Tuesday. Did said Disney get China's approval? boycottMulan HKPoliceBrutality BoycottMulan