Common Studios to increase regional theme park ideas in U.S. and worldwide – Orange County Register

Common Studios has large plans to tackle regional amusement park chains in america and across the globe with a pair of smaller scale and decrease price theme park ideas aimed toward households with younger youngsters and horror film followers.

Common Parks & Resorts is already planning a world growth of its just lately introduced ideas for a kids-focused theme park close to Dallas and a Halloween Horror Nights experience in Las Vegas, in response to a Comcast quarterly earnings call final week.

“So we’re positively having a watch in the direction of increasing internationally, not simply domestically, they usually received’t all be locations for an enormous large main theme park,” NBCUniversal CEO Jeffrey Shell stated on the earnings name. “We’ll have a look at completely different ideas for various markets.”

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In early January, Common Parks & Resorts unveiled plans to open a brand new theme park aimed toward households with younger youngsters within the North Texas metropolis of Frisco and a brand new everlasting horror-themed expertise on the Area15 leisure district close to the Las Vegas Strip. Opening dates haven’t but been introduced for the as-yet-unnamed theme park ideas, however work is ready to start in 2023 on each tasks.

Common’s new regional theme park ideas take purpose at Legoland’s core demographic of younger youngsters as nicely business gamers like Six Flags and Cedar Truthful within the U.S. and China’s OCT and Chimelong that function amusement parks in smaller markets.

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The smaller scale theme park “extensions” may gas progress at Common’s bigger vacation spot parks in California, Florida, China, Japan and Singapore, Comcast CEO Brian Roberts stated on the earnings name.

Common’s smaller scale family-oriented theme park idea close to Dallas “will work in a whole lot of locations all over the world that won’t assist a full-scale theme park like we now have in Orlando or Beijing, however may assist one thing else,” Shell stated on the decision.

The proposed 97-acre Common Youngsters resort will embody points of interest primarily based on DreamWorks and Illumination movies, in response to the earnings name. Idea artwork exhibits themed lands and points of interest devoted to Shrek, Trolls and Jurassic World.

The Halloween Horror Nights expertise coming to Las Vegas might be expanded to a lot of areas all over the world, Shell stated on the decision.

Common’s library of traditional horror characters contains Frankenstein, Dracula, Werewolf of London, Wolf Man and The Mummy. Halloween Horror Nights has additionally labored with a brand new technology of horror filmmakers like Jason Blum (“Insidious,” “The Purge”), Jordan Peele (“Nope,” “Us”) and James Wan (“Noticed,” “The Conjuring”).

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Common’s theme park division expects to extend capital spending in 2023 as work begins on the Horror Nights and Common Youngsters theme park extensions and continues on the brand new Common Beijing theme park in China and the upcoming Epic Universe theme park in Florida.

“The required funding to develop these extensions is nowhere close to the size of Epic or Common Beijing, however quite allow us to leverage our already massive market alternative and will function a mannequin that contributes even increased progress at theme parks sooner or later,” Comcast President Mike Cavanagh stated on the earnings name.