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Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

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1

Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

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Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

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Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI
FinanceUniversal Theme Parks

Universal bringing ‘one-of-a-kind’ theme park to Frisco, Texas aimed at a younger audience

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January 12, 2023, 5:45 AM ET
People pose in front of the trademark globe at Universal Studios
People pose in front of the trademark globe at Universal Studios.Kevin Frayer—Getty Images
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Universal Parks & Resorts is bringing a theme park to Texas that will focus on entertaining young children, officials announced Wednesday.

The “one-of-a-kind” park in the Dallas suburb of Frisco will include attractions, interactive shows and opportunities for meet-and-greets with characters, the company said in a news release.

It is expected to be about a quarter of the size of the company’s large Orlando theme parks, according to Page Thompson, the company’s president of new ventures.

“Even though it may be smaller in terms of acreage than our other parks, the quality of it, the level, worthy of the Universal name,” Thompson said during a news conference in Frisco.

Universal Parks & Resorts recently purchased 97 acres (39 hectares), where the park and a 300-room hotel will be located, officials said.

Also on Wednesday, the company announced a new permanent entertainment experience in Las Vegas that will “bring to life Universal’s vast library of classic horror films and today’s most terrifying tales,” according to a news release from the company.

The company said this is the first time it has created “a permanent horror experience beyond its theme parks.” The experience will occupy a 110,000-square foot (10,219-square meter) space. It will be the anchor tenant in a new 20-acre (8-hectare) expansion of the city’s AREA15 entertainment district, which opened to the public in 2020.

The company didn’t give a timetable for when the projects will be completed.

Universal Parks & Resorts, part of Comcast NBCUniversal, has theme parks around the world, including Universal Studios Hollywood and Universal Orlando Resort in the U.S. In 2021, the company opened a theme park in Beijing, becoming the company’s fifth park worldwide. There are also parks in Japan and Singapore.

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