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Universal Studios to Build $2 Billion Hollywood-Themed Resort in Beijing

2017-07-03 15:37:35 | views

Tags: beijing travel

niversal Studios is planning to open a Hollywood movie theme park, Universal Studios Beijing, in the suburbs of the Chinese capital in collaboration with a local state tourism company.

The news was released on the website Sina's property pages, and spread quickly online, with much excited chatter on China's Twitter, Weibo.

 

The facility will cover a 51-acre site and the total budget will be 12 billion yuan ($1.95 billion). Construction is due to start in the fourth quarter of 2014, according to the local media report.

 

A report in Shanghai Securities News, cited by the Shanghai Landscape Architecture Design Institute website, said officials from the National Development and Reform Commission had filed an application to begin construction, and the demolition of existing buildings was ongoing, with the aim of opening the park in January 2018.

 

The Universal Creative division of Universal Parks and Resorts has also been advertising for Mandarin Chinese-speaking staff.

 

When contacted by The Hollywood Reporter, Universal declined to comment on the various reports.

 

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The Chinese partners, Beijing Tourism Group, which is part of the capital's municipal government, will provide the land and an unspecified part of the investment, while Universal Studios will be responsible for branding, intellectual property, technology and management of the park, Sina reported.

 

In a separate report, the Global Times daily reported that municipal authorities are planning to build a monorail in Beijing, with the terminus in the new Universal Studios in the southeastern suburb of Tongzhou.

 

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The Beijing resort will bring the number of Universal Studios that the company operates in Asia to three, with Universal Studios in Singapore and Osaka. Both facilities are massively popular with Mainland Chinese tourists, as is the Los Angeles Universal Studios.

 

There is considerable amount of activity in the theme park area in China right now. The Walt Disney Company has Hong Kong Disneyland and is building a $4.4 billion Disneyland Shanghai project that is due to open at the end of 2015, as mainland China's first Disney resort.

 

DreamWorks Animation's China unit, Oriental DreamWorks, is developing a $3.1 billion cultural and "entertainment destination" in Shanghai with a trio of Chinese partners -- China Media Capital (CMC), the Shanghai Media Group and Shanghai Alliance Investment.

 

The Chinese real estate group, Dalian Wanda, which owns AMC, is building a theme park project called Wuxi Wanda City, while Chinese production company Huayi Brothers has been building a resort on the holiday island of Hainan, which takes the films of top director Feng Xiaogang as the theme.

 

Beijing to become home to next Universal Studios theme park, say reports

Beijing 


March 06, 2014

 

News that Universal Studios may be bringing their Hollywood-based theme park to Beijing firms up predictions that Asia is poised to become the theme park capital of the world.

According to a report by The Hollywood Reporter, the Asian outpost of the Universal Studios franchise will be a $2-billion (RM6.54-billion) project that will transform 51 acres of land in a suburb of Beijing.

The theme park is estimated to open in 2018.

 

While Universal Studios has yet to respond to the rumours, the Hollywood Reporter points out that municipal plans call for a monorail to be built in Beijing and for its terminus to end at the site of the purported Universal Studios, in the suburb of Tongzhou.

Universal Parks and Resorts is also advertising for Mandarin Chinese-speaking staff, while demolition of the area is ongoing.

The Beijing location would mark the third Asian location of Universal Studios, after Singapore and Osaka.

The development of massive theme parks has been fast and furious in Asia over the last few years.

Some of the more highly anticipated openings include the Shanghai Disney Resort – set to become the largest theme park development in China when it opens in 2015 – and a Twentieth Century Fox Theme Park near the Malaysian capital of Kuala Lumpur in 2016.

Developers in South Korea also announced plans to open a robot theme park in two years.

A report published last year predicted that theme park attendance in Asia is poised to overtake North American attendance, thanks to integrated resorts that mix casinos, retail and cultural facilities in a single space.

According to the 2012 Theme Index, attendance at the top 20 Asian theme parks increased by nearly 6% in 2012 over 2011 to receive a record 108.7 million visits. – AFP/Relaxnews, March 6, 2014.