Comcast buying majority stake in Universal Studios Japan

September 28, 2015 at 7:44 a.m. | Updated September 28, 2015 at 7:45 a.m.

by Associated Press

FILE - This June 11, 2013, file photo, shows the Comcast Corp. logo during The Cable Show 2013 convention in Washington. Comcast is buying a majority stake in theme park operator Universal Studios' Japanese arm for $1.5 billion, the company announced Monday, Sept. 28, 2015. Comcast, which owns NBCUniversal, will have 51 percent ownership of the business. (AP Photo/Susan Walsh, File)
FILE - This June 11, 2013, file photo, shows the Comcast Corp. logo during The Cable Show 2013 convention in Washington. Comcast is buying a majority stake in theme park operator Universal Studios' Japanese arm for $1.5 billion, the company announced Monday, Sept. 28, 2015. Comcast, which owns NBCUniversal, will have 51 percent ownership of the business. (AP Photo/Susan Walsh, File)

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.

Upcoming Events