Universal to Invest in Spanish Theme Park
Marking its entry into Europe, Universal Studios’ recreation division has made an investment of more than $60 million in Spain’s largest theme park. The Port Aventura park--60 miles south of Barcelona--will be renamed Universal’s Port Aventura as part of the deal, in which Seagram-owned Universal purchased the 37% stake from Pearson’s Tussauds Group Ltd. Universal will share ownership with Caixa, Spain’s leading savings bank, and Anheuser-Busch, the American brewer that also owns U.S. theme parks. Universal will take over all operations of Port Aventura from Tussauds; Universal operates parks in Los Angeles and Orlando, Fla., and is constructing a park due to open in Osaka, Japan, in 2001.
More to Read
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.