The Multi-Billion Dollar Theme Park Race Between Disney And Universal

About this Video

• Video Title: The Multi-Billion Dollar Theme Park Race Between Disney And Universal
• Channel: CNBC
• Speakers: The transcript does not name the speakers.
• Duration: 14:24

Introduction

This CNBC video discusses the multi-billion dollar investments Disney and Universal are making in their Orlando and California theme parks. The video explores the expansion plans of both companies, including Universal's new Epic Universe and Disney's various projects, while also considering the potential impact of economic uncertainty and tourism downturns on these ambitious ventures.

Key Takeaways

• Universal's Epic Universe: Universal Orlando opened Epic Universe, a $7 billion investment and its largest theme park project to date, aiming to rival Disney World and transform into a week-long destination. It features five themed worlds, including Super Nintendo World and a “Dark Universe” area.
• Disney's $30 Billion Investment: Disney plans to invest approximately $30 billion in its US parks, including major expansions at Magic Kingdom (a car-themed area and "Villains Land"), Hollywood Studios (Monstropolis), and Animal Kingdom (Tropical Americas).
• Economic Uncertainty: A potential decline in consumer spending and economic volatility pose a risk to the theme park industry, potentially impacting both Disney and Universal's investments. Tariffs on imported goods used in construction could significantly increase costs.
• Impact of Epic Universe: Analysts believe Epic Universe’s opening is boosting tourism in Orlando overall, benefiting both Universal and Disney World.
• Long-Term Investments: Both Disney and Universal view these investments as long-term strategies, expecting returns over many years, despite short-term economic challenges.