Lions Gate Entertainment Corp. has abandoned plans for an indoor amusement center in New York’s Times Square, a source close to the company confirmed July 3, two days after announcing a new theme park in China.
It was the decision of Spain-headquartered leisure park operator Parques Reunidos, and not Lions Gate, to drop the 2-year-old plan for an entertainment center set to include a “John Wick: Chapter 2” shooting ride, according to the source.
The Times Square decision aside, Lions Gate has recently expanded the company’s amusement park presence.
The Santa Monica-based studio said it will open Lionsgate Entertainment World theme park in Hengqin, China, on July 31. It will feature attractions based on Lions Gate’s “The Hunger Games” and “Twilight” franchises.
The theme park is planned in partnership with Village Roadshow Theme Parks, part of Beverly Hills-headquartered Village Roadshow Entertainment Group USA Inc. Lions Gate also operates a zone at the Motiongate theme park in Dubai.
It has plans to open the Lionsgate Movie World outdoor theme park on South Korea’s Jeju Island Korea next year.
Lions Gate has rebounded after a rough 2018 at the box office, thanks to the third installment of its “John Wick” franchise, which crossed the $300 million mark at the global box office last week.The company’s stock, however, is at an eight-year low, closing July 2 at $12.68 per share.
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