I still firmly believe that Epic Universe is delayed, not cancelled.
Per the Orange County fast track site, they applied for some EU (probably BOH) building permits yesterday. That doesn't exactly scream cancelled.
All the comments they've made suggest that they still believe in the project and want it to be built, but that they just couldn't reasonably take on the cash spend and liability of large construction contracts while the parks were generating no cash flow for an unknown period of time. I fully expect that as park operations stabilize again, we will start to see somewhat more movement on the Epic Universe project.
None of this is to say it's not delayed, because it absolutely is. I now see an optimistic timeline as one where EU infrastructure and permitting work continues as planned, a COVID-19 vaccine is developed by winter and distributed by string, and thus theme parks can drop mask and social distancing requirements by next May to have a relatively normal summer season. In this scenario, Epic Universe could get the green light in spring 2021 after approximately 12 months of delay, putting it on pace for a spring or summer 2024 opening.
Or, if virus treatments don't progress that well, then Epic Universe could be pushed further back to 2025 or 2026 or later or never. But we're not there yet. We're simply not there yet.
Similar logic applies for SNW in Hollywood.
Comcast isn't calling it a pause to imply that they have no intention of resuming the project. At this point, they just don't know when they will be financially able to do so - hence an indefinite delay.