

We think that there is a lot of 'there' there in the theme-park business for many years to come and that we have a low market share - and only one way to go." In regards to the competition, Roberts said "We’re doubling down on theme parks. Roberts predicted that they expected to take market share away from Disney Parks, Experiences and Products chains with their plans to invest in their Universal Studios theme parks. Demolition of existing structures had already begun, with the goal of opening the park in 2018.

On January 7, 2014, Shanghai Securities News reported that an application to begin construction on a Universal Studios park in the Tongzhou District of Beijing was filed, with work to begin in late 2014 on this $2 billion project. Previously, there are said to have been many on and off again discussions for building a possible Universal theme park in China over the years going back to when Hong Kong Disneyland was first announced. It was reported in March 2012 that officials from Comcast and its subsidiary NBCUniversal were meeting with China's sixth-largest city, Tianjin, to discuss a possible Universal park in the port city.

Universal Studios Beijing ( Chinese: 北京环球影城) is a Universal theme park in Beijing that opened on Septem as part of Universal Beijing Resort.
