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The company generated $1.28 billion in revenue during the quarter despite the stabilizing effect of its Epic Pass program, which allows customers to purchase a season pass for its North American resorts at a significant upfront cost. However, Vail's stock price has declined by 50% since its October 2021 peak of $360.
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On October 17, 2024, Universal announced that Epic Universe will be opening on May 22, 2025, four days before Memorial Day and sixteen days before Universal Orlando's 35th anniversary. Tickets to the park, as well as reservations for the in-park Helios Grand Hotel, became available on October 22, 2024. [ 19 ]
The formation of Epix was announced on April 21, 2008, after individual negotiations between Paramount Pictures, MGM, and Lionsgate with Showtime to renew their existing film output deals broke down; each of the three studios disagreed with Showtime over the licensing fee rates for which they wanted Showtime to compensate them to allow future releases to air on the Showtime Networks services. [35]
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