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August 16, 1995 | Times Staff and Wire Reports
MCA Plans Florida Park Expansion: Britain's Rank Organisation and Seagram Co.'s MCA Inc. said they will spend $2.6 billion to turn their Florida theme park into a major resort. The Universal City Florida resort will rival Walt Disney World, analysts said. The current Rank-MCA theme park, equally owned by the companies, is called Universal Studios Florida.
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BUSINESS
August 16, 1995 | Times Staff and Wire Reports
MCA Plans Florida Park Expansion: Britain's Rank Organisation and Seagram Co.'s MCA Inc. said they will spend $2.6 billion to turn their Florida theme park into a major resort. The Universal City Florida resort will rival Walt Disney World, analysts said. The current Rank-MCA theme park, equally owned by the companies, is called Universal Studios Florida.
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BUSINESS
May 2, 1997
Cathy A. Nichols, a 22-year veteran of the management consulting firm McKinsey & Co., has been appointed chairman and chief executive of Universal Studios Recreation Group. Her appointment fills a key position for Universal Studios because the entertainment conglomerate has identified the theme park business as a prime area for strategic investment. The company is a unit of Seagram Co.
BUSINESS
October 12, 2004 | From Dow Jones/Associated Press
Viacom Inc. unit Nickelodeon Networks realigned its senior management as part of a plan to consolidate its licensing and recreation businesses under Nickelodeon Enterprises. Leigh Anne Brodsky, most recently executive vice president of Nickelodeon Consumer Products, was named president of Nickelodeon and Viacom Consumer Products.
BUSINESS
May 30, 1996 | From Times Wire Services
Seagram Co. said Wednesday that its earnings dropped 93% to $23 million in the first quarter from a year earlier, when it recorded a huge gain from the sale of DuPont stock. But its earnings based on cash flow rose nearly 50% on new profit from the Dole juice business and Seagram's 80% stake in MCA, both of which were acquired in the last year. Earnings before interest, taxes and other items that don't reflect the performance of the company's operations rose to $304 million from $203 million.
NEWS
February 17, 1995 | JON D. MARKMAN and AARON CURTISS and CHRIS WOODYARD, TIMES STAFF WRITERS
If Walt Disney Co. won't build a $3-billion resort in Southern California, rival MCA Inc. will. That was the message that public officials, entertainment industry executives, financial analysts and homeowners are hearing in MCA's announcement Wednesday that it plans to spend $3 billion over the next 25 years to build out its 415-acre Universal City property in the Cahuenga Pass.
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