Comcast buying majority stake in Universal Studios Japan
NEW YORK (AP) — Comcast is buying a majority stake in theme park operator Universal Studios' Japanese arm for $1.5 billion.
Cable operator Comcast, which owns NBCUniversal, will have 51 percent ownership of the business.
Universal Studios Japan, which opened in Osaka in 2001, has many of the company's well-known attractions, as well as rides and shows geared specifically toward the Japanese market.
NBCUniversal CEO Steve Burke said in a written statement on Monday that the acquisition will help to expand the company's theme park business around the world.
Comcast is based in Philadelphia.