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Blackstone offering to sell Universal Orlando stake!

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  • Blackstone offering to sell Universal Orlando stake!

    A MUST READ ARTICLE!
    Blackstone Universal Orlando offer: Blackstone offers to sell its 50% stake in Universal Orlando to NBCUniversal - OrlandoSentinel.com

    Private-equity giant The Blackstone Group is looking to unload its stake in Universal OrlandoNBCUniversal, the media-and-entertainment conglomerate that was acquired in January by Comcast Corp.Warner Bros. for the rights to Harry Potter
    This is what we all feared when Comcast bought NBCUniversal.
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  • #2
    Re: Blackstone offering to sell Universal Orlando stake!

    Wait Wait Wait....could they REALLY lose the rights to Harry Potter???? They just got the land in..how could they break contract already?
    Happy Halloween!!!

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    • #3
      Re: Blackstone offering to sell Universal Orlando stake!

      Very interesting since Blackstone also owns SeaWorld and the under construction Legoland Florida.

      I am going to have to go back and read through the Harry Potter contract. There has been a lot of misinformation disseminated about the Marvel contract and I would not be surprised to see that happening again.

      EDGAR Filing Documents for 0001193125-07-178559
      Anybody who wants to read the Harry Potter contract for themselves can do so at the above link. It is the "THEME PARK LICENSE BETWEEN WARNER BROS. CONSUMER PRODUCTS, INC.".

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      • #4
        Re: Blackstone offering to sell Universal Orlando stake!

        I suspect Universal will be renegotiating the Harry Potter rights with Wb and end up paying a lot more seeing as attendance has gone through the roof.
        Disneyland Paris: August 1999 Sante Fe - October 2000 Sante Fe - March 2002 Sante Fe - November 2010 Cheyenne
        Walt Disney World: May 2011 All Star Movies - November 2011 Animal Kingdom Lodge
        Tokyo Disney Resort: 2012 (hopefully!)

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        • #5
          Re: Blackstone offering to sell Universal Orlando stake!

          usually those contracts are for very long term deals. whoever buys the resort would have to abide by the existing contracts. I heard that blackstone had a meeting with comcast before comcast took over nbc and wasn't happy with it's outcome. Frankly I wouldn't be surprised if comcast tried to sell off the universal division as they really don't want to be in the content production, just the content distribution as that's where the money is.

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          • #6
            Re: Blackstone offering to sell Universal Orlando stake!

            Nevermind, found what I was looking for.
            Last edited by lazyboy97O; 05-30-2011, 05:14 PM.

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            • #7
              Re: Blackstone offering to sell Universal Orlando stake!

              It looks like NBCUniversal plans on buying Blackstone's stake in Universal Orlando:

              NBCU Likely to Buy Blackstone's Universal Orlando Stake - WSJ.com

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