Facebook Pixel Universal's $7 Billion Theme Park Sparks Arms Race With Disney | Mint Kolkata - newspaper - Lisez cet article sur Magzter.com
Passez à l'illimité avec Magzter GOLD

Passez à l'illimité avec Magzter GOLD

Obtenez un accès illimité à plus de 9 000 magazines, journaux et articles Premium pour seulement

$149.99
 
$74.99/Année

Essayer OR - Gratuit

Universal's $7 Billion Theme Park Sparks Arms Race With Disney

Mint Kolkata

|

May 23, 2025

Epic's Debut Comes as Some Americans Are Scaling Back Vacation Plans Amid Economic Concerns

- Jacob Passy

It was an experience straight out of a fairy tale: the chance to meet a dragon.

One by one, visitors walked up to an inky black creature named Toothless. When a visitor stroked the top of his head, Toothless closed his eyes and sighed a calm, blissful sound that prompted smiles, laughs, and even tears from the crowd.

There was no puppeteer pulling strings, no human inside a costume. It was just like being in "How to Train Your Dragon," and that is the point at Epic Universe, a new theme park that opens Thursday.

Toothless is the first theme-park character guests can interact with and touch that is animatronic, like the realistic robotic figures often used in rides and other attractions.

Another dragon flies above the park via drone.

Riding a carousel feels like floating among the night sky's constellations.

Flying on a magic elevator alongside Harry Potter to escape a charging Erumpent, a magical creature that resembles a rhinoceros, is stomach churning.

Punching power-up blocks while walking through Super Nintendo World is a video gamer's fantasy.

For about $7 billion, Universal's parent, Comcast, has built the first major U.S. amusement park to open in over two decades.

It is trying to feel like the theme park of the future.

The company invested in the highest-end technology to create immersive experiences and rides that make Walt Disney World's Jungle Cruise and Pirates of the Caribbean seem like museum pieces.

Universal secured over 160 patents in developing the park.

The goal in the theme park arms race is vacation-destination supremacy.

The new park sits on a 750-acre site and is part of an effort to transform the existing Universal Orlando Resort into a weeklong destination, said Mark Woodbury, chief executive officer of Universal Destinations and Experiences, the division of Comcast NBCUniversal that operates the company's theme parks around the globe.

PLUS D'HISTOIRES DE Mint Kolkata

Mint Kolkata

OpenAI finalizes $110 billion funding

OpenAl said it has finalized a record-breaking $110 billion funding round at a $730 billion valuation, not including the money raised, fuelling the ChatGPT maker's costly push to secure more computing power and talent for artificial intelligence (AI) development.

time to read

1 min

February 28, 2026

Mint Kolkata

Maruti aims to produce 2,000 EVs per month

Maruti Suzuki India Ltd plans to make around 2,000 electric vehicles (EVs) a month for the domestic market until July as it begins sales of its flagship EV model, eVitara, while facing capacity constraints at its plants amid rising demand.

time to read

1 min

February 28, 2026

Mint Kolkata

Mint Kolkata

Mumbai's iconic sweets are steeped in history

The city’s sweet heritage carries layers of British, Portuguese and Irani influences alongside vibrant local traditions

time to read

4 mins

February 28, 2026

Mint Kolkata

Mint Kolkata

April-Jan fiscal deficit at ₹9.81 tn, 63% of full target

India’s fiscal deficit for April-January fiscal year 2026 (FY26) stood at ₹9.81 trillion, or 63% of the revised estimate (RE) for 2025-26, according to provisional data released by the Controller General of Accounts on Friday, indicating a contained fiscal position with two months left in the financial year.

time to read

1 min

February 28, 2026

Mint Kolkata

Supplement makers swap expensive whey for plants

Soaring whey prices are reshaping India’s fast-growing protein supplement market, squeezing margins and forcing companies to redraw growth strategies as consumption rises.

time to read

2 mins

February 28, 2026

Mint Kolkata

Mint Kolkata

Paramount-Warner deal set to reshape Indian cinema

Netflix is backing away from its proposal to buy Warner Bros Discovery

time to read

2 mins

February 28, 2026

Mint Kolkata

Norway's fund cites corruption charges to exclude Adani Green

Norway’s sovereign wealth fund, the world’s largest, managing assets over $2.2 trillion, has decided not to invest in Adani Green Energy Ltd, citing corruption and financial crime allegations against it.

time to read

1 min

February 28, 2026

Mint Kolkata

Mint Kolkata

The power of comfort

Rescued animals need steady routines as they have different baselines than pets that had a stable start

time to read

2 mins

February 28, 2026

Mint Kolkata

'Focused on getting best deal with US'

India wants to secure the best trade deal with the US to ensure it has an edge over competitors, commerce minister Piyush Goyal said on Friday, as the fate of deals finalized by Washington remain uncertain after President Donald Trump's tariffs were invalidated.

time to read

1 min

February 28, 2026

Mint Kolkata

As DIIs dictate valuations, SIP muscle reshapes IPO market

Experts say DIIs are exerting greater discipline on valuations than during the 2021 IPO cycle

time to read

3 mins

February 28, 2026

Listen

Translate

Share

-
+

Change font size