The company quietly purchased a large parcel of land in Bedford, about 45 minutes out of London, a spokesperson for Universal’s parks division confirms.
The company said in a regulatory filing on Tuesday that the planned investment is nearly double what it spent in the prior 10-year period. The Disney Parks, Experiences and Products segment continues to do well for the company, with revenue rising 13% in its fiscal third quarter. That’s helped to offset the struggles in its Disney Media and Entertainment Distribution unit, which saw revenue dip 1% in the period.
Two-thirds of the planned layoffs at parks in California and Florida involve part-time workers but they ranged from salaried employees to hourly workers, Disney officials said. Disney’s parks closed last spring as the pandemic started spreading in the U.S. The Florida parks reopened this summer, but the California parks have yet to reopen as the company awaits guidance from the state of California.
BEIJING (AP) — Spider-Man could soon swing over Beijing, chasing Optimus Prime and despicable minions through a $3.3 billion Universal theme park aimed at capitalizing on China’s rising middle class […]
