NBCU, DreamWorks Animation Move Ahead With Separate Russia Theme Parks

Moscow Skyline - H - 2016

"The project is still on, but we do not have an update," NBCU's spokesman said.

NBC Universal and DreamWorks Animation are going ahead with their separate theme park projects in Russia.

Following the announcement last month that NBCU will take over DreamWorks Animation, there was an expectation that the two companies' Russian theme park projects could be combined.

However, NBCU has confirmed that it is going ahead with its Moscow project. "The project is still on, but we do not have an update," NBCU's spokesman told The Hollywood Reporter, adding that it "is not connected with any other project."

An agreement between NBCU and the Moscow city government about the construction of a Universal theme park in the southern part of the capital was signed back in 2011.

According to earlier reports, construction was to begin in early 2017, with BIN Group as the developer.

DreamWorks' theme park, Dream Island, is scheduled to enter the construction stage later this year, to be inaugurated in 2018.

Developed by the group Regiony, it is part of a larger project that also includes similar theme parks in Russia's other major cities, St. Petersburg and Yekaterinburg. According to Russian press reports, the total investment in the project may amount to $2.1 billion.