Comcast CEO Brian L. Roberts visited at Tsinghua

Nov. 02, 2017, By Naanga

Brian L. Roberts: The Universal Beijing will be the best theme park in the world, according to his visit at Tsinghua.

Beijing, China (Tsinghua) — On Oct. 29, 2017, the member of the Advisory Board of Tsinghua University School of Economics and Management, Brian L Roberts, chairman and CEO of the Comcast Corp., was invited to have a face-to-face dialogue with Qian Yingqi, a Dean of School of Economics and Management, and Tsinghua’s students. 

“The NBCUniversal, including the Universal Theme Park in Orlando and Hollywood, has a higher rating than the Disney, according to many satisfaction surveys,” said Brian L. Roberts, chairman and CEO of Comcast Corp during the meeting.

 

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Brian L. Roberts visited Tsinghua

 

Just a few days before the meeting, the Comcast released the third-quarter earnings reports, beat the expectation. The Wizarding World of Harry Potter in Hollywood led a 7.7 percent increase in total income for the Universal Theme Park, up to $1.6 billion. Revenue raised 5.8 percent to $21 billion, excluding 2016 Rio Olympics.

The Universal Theme Park is a priority for NBCUniversal and the Comcast Corp. “When the Universal Theme Park in Beijing opens, I think, as a company, it’s not unrealistic to assume we’re going to make well over $1 billion in revenue. So from half years ago to over $1 billion in just a few more years once we get Beijing open,” said Stephen B. Burke, Senior EVP and CEO, NBCUniversal during the Comcast Corp.’s earning calls.

The overall investment is measured $7.8 billion. The park and its support facilities will occupy a thousand acres in Tongzhou District, Beijing. It will be 20 times larger than the Universal Theme Park in Hollywood and create 10-15 thousand jobs. The park will design specifically for the Chinese market, including Kong fu and Panda, Transformers, The minions, Jurassic Parks and so on, according to Brian L. Roberts, chairman and CEO of Comcast Corp.

 

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A conceptual overview of the Universal Beijing Theme Park and Resort. [File photo]

“I think, we will build the best theme park in the world in Beijing between 2020 and 2021,”  he said. “My view was why would you do all the work to build a Theme Park all way around the world with not have equity, not care. So we made a decision to invest our share $7 billion. We will meet some of our leadership team in here tonight. “

After that, on Sunday, the Financial Times reported that NBCUniversal was considering selling its stake in China’s Oriental Dream works because of differences of opinion about strategy with local co-owner China Media Capital. According to the Times, a potential buyer could be Warner Bros.

Recently, the company has been focused on digital video platforms.

“This winter, the Snapchat and other social media companies will broadcasting as our partner,” said Brian L. Roberts.

XFINITY stream app, the company’s newest connectivity business, is integrated with other apps like Netflix and YouTube, making it easy to search the content with remote voice commands.

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