They only truly own currently 4 profitable shows with a 5th show they have access to thanks to Spielberg. (Wicked, Shrek, Billy Elliot, and Bring it on. They have access to bring the color purple)
Wicked can literally be seen anywhere in the US. Wouldn't be a huge draw.
Shrek same thing now they even have high schools doing it.
Billy Elliot is reliant on child actors and would be a financial burden (tutors for kids to meet union requirements) plus the story is controversial in regards to parenting.
Bring it on would be too costly as insurance is high for that show thanks to all the cheerleading stunts that lead to broken ankles arms and legs.
The color purple just isn't family friendly.
Universal is at a loss in that aspect