USJ meaning in Business ?

Answer: What is Universal Studios Japan mean?

Universal Studios Japan (ユニバーサル・スタジオ・ジャパン, Yunibāsaru Sutajio Japan), located in Osaka, is one of six Universal Studios theme parks, owned and operated by USJ LLC, which is wholly owned by NBCUniversal (as of 2017). The park is similar to the Universal Orlando Resort since it also contains selected attractions from Universal Orlando Resort and Universal Studios Hollywood.

The park opened on 31 March 2001. Over 11 million guests visited the park in its opening year, making it the world's fastest amusement park to have achieved the 10 million milestone at the time. Since then, Universal Studios Japan has had approximately 8 million visitors every year. Most visitors are Japanese tourists and tourists from other Asian countries such as South Korea and China. In 2005, Goldman Sachs became the largest shareholder in Universal Studios Japan.

Various events were held in the year 2011 to celebrate the park's tenth anniversary, by which time a total of 88 million guests had cumulatively attended the park. There were 700,000 annual passport holders in June 2012 and in the 2012 fiscal year, 9.75 million guests visited the park. During the 2013 fiscal year, Universal Studios Japan received 10.5 million guests. Various factors contributed to this growth in 2013, including the opening of the backwards roller coaster "Hollywood Dream – The Ride – Backdrop" in March, and the "New Amazing Adventures of Spider-Man - The Ride 4K3D" in July, which installed new 4KHD technology, which proved to be popular among the younger generation of visitors. The family area "Universal Wonderland" which opened in March 2012 also attracted many families.

Recent installments include limited-time attractions such as "Biohazard - The Real" and "Monster Hunter - The Real", both based on popular video game franchises, and "One Piece Premier Show", which is based on the popular anime series, providing attractions based on entertainment worldwide. On 15 July 2014, The Wizarding World of Harry Potter, a themed area based on the blockbuster Harry Potter film series, opened to the public. The popular ride Harry Potter and the Forbidden Journey, located in The Wizarding World of Harry Potter, was revamped to play in 3D only 10 months after its opening as the first ride of its kind in the world. With a total investment of 45 billion yen, the addition of The Wizarding World of Harry Potter to the park is projected to have an economic ripple effect of 5 trillion 60 million yen over the next 10 years in Japan, anticipating many visitors from both Japan and overseas.

On Monday, 29 October 2012, Universal Studios Japan greeted its 100 millionth visitor since its opening in 2001. According to the 2014 Theme Index Global Attraction Attendance Report, Universal Studios Japan is ranked fifth among the top 25 amusement/theme parks worldwide, attracting 11.8 million visitors in 2014, 16.8% more than in the previous year. On 27 February 2020, Universal announced a closure of the park until 22 March 2020 to combat the COVID-19 pandemic. Since then, they have extended the closure to 31 May 2020, and delayed again until 19 June 2020.

reference

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