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Comcast's theme parks are an underrated attraction [Reuters]
Last comcast corporation - class a earnings: 4/30 07:00 am
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US:NASDAQ Investor Relations: cmcsa.com/investors
NEW YORK, April 29 (Reuters Breakingviews) - Brian Roberts keeps expanding his own magic kingdom, but it's mostly an illusion to shareholders. Comcast's boss is getting closer to opening the doors at the company's newest theme park, ratcheting up a rivalry with . The cable and entertainment giant's valuation, however, suggests investors are wary of getting on the ride. Epic Universe, due to open next year, will be Orlando's first large in more than two decades. Comcast is spending an estimated $6 billion on new immersive experiences starring Harry Potter, Nintendo's Super Mario and the How to Train Your Dragon franchise that came with NBC Universal's acquisition of DreamWorks Animation in 2016. Roberts' ambition traces back to his unsuccessful hostile takeover attempt of Disney 20 years ago. Instead, Comcast took control of NBC Universal and its vast operations. The idea was to make the most of housing under one roof the pipes that distribute cable TV and internet with the entert
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