Harry Potter Contract

ZaneB · Jul 11, 2012

Does anyone know if the contract for Harry Potter stops other Harry potter attractions being built everywhere in the world? And does anyone know when it ends?

maryszhi · Jul 11, 2012

i believe so, and it is nbc universal that owns it, which is why universal is putting harry potter in every universal park in the world. i am not sure when the contract ends.

lazyboy97o · Jul 11, 2012

http://sec.gov/Archives/edgar/data/1262449/000119312507178559/dex1041.htm

The original contract is available online. I have not checked to see if there are new ones or if this one has been amended. I would assume there have been some changes as this contract is with Universal City Development Partners, the immediate owners of Universal Orlando Resort.

JT3000 · Jul 12, 2012

It doesn't keep other HP tourist attractions from existing. There's one at the studios in England where the films were made. I'm sure the Universal parks have some sort of regional exclusivity though.

danlb_2000 · Jul 12, 2012

ZaneB said:
Does anyone know if the contract for Harry Potter stops other Harry potter attractions being built everywhere in the world? And does anyone know when it ends?

Based on a quick scan (which is alwasy dangerous) of the contract in the link posted here it appears that this contract gives Universal exclusive rites to Harry Potter only within a 250 mile radius of Islands of Adventure. The contract appears to just refer to IOA so I assume there is a seperate one for Universal Hollywood. There is also an exception for "traveling museum-quality exhibition" meaning that a Harry Potter exhibit could be displayed within the 250 mile radius.

The end date on that contract is 6/30/2019 with the option to extend for two more 5 year terms taking it up to 6/30/2029.

mickeysbrother · Jul 12, 2012

So from what i see it ends 2018 with an option to renew for another 5 years then another option to renew for another 5 years witch will bring them into 2028.

Pumbas Nakasak · Jul 12, 2012

JT3000 said:
It doesn't keep other HP tourist attractions from existing. There's one at the studios in England where the films were made. I'm sure the Universal parks have some sort of regional exclusivity though.

The studio is a Warner Bros affair. My poor neglected middle child, who has grown up with Potter says its an excellent day out.

http://www.wbstudiotour.co.uk/

Orangelake555 · Jul 12, 2012

danlb_2000 said:
Based on a quick scan (which is alwasy dangerous) of the contract in the link posted here it appears that this contract gives Universal exclusive rites to Harry Potter only within a 250 mile radius of Islands of Adventure. The contract appears to just refer to IOA so I assume there is a seperate one for Universal Hollywood. There is also an exception for "traveling museum-quality exhibition" meaning that a Harry Potter exhibit could be displayed within the 250 mile radius.

The end date on that contract is 6/30/2019 with the option to extend for two more 5 year terms taking it up to 6/30/2029.

mickeysbrother said:
So from what i see it ends 2018 with an option to renew for another 5 years then another option to renew for another 5 years witch will bring them into 2028.

someones math is wrong

danlb_2000 · Jul 12, 2012

Orangelake555 said:
someones math is wrong

Not sure where the 2018 date came from, but section 2.2.a of the contract says:

"(a) “Initial Term” means the period beginning on the date of complete signing of this Agreement through and including June 30, 2019. "

ZaneB · Jul 13, 2012

danlb_2000 said:
Based on a quick scan (which is alwasy dangerous) of the contract in the link posted here it appears that this contract gives Universal exclusive rites to Harry Potter only within a 250 mile radius of Islands of Adventure. The contract appears to just refer to IOA so I assume there is a seperate one for Universal Hollywood. There is also an exception for "traveling museum-quality exhibition" meaning that a Harry Potter exhibit could be displayed within the 250 mile radius.

Thanks, just the answer I was looking for!
The end date on that contract is 6/30/2019 with the option to extend for two more 5 year terms taking it up to 6/30/2029.

mickeysbrother · Jul 13, 2012

Orangelake555 said:
someones math is wrong

2018 + 5 = 2023 + 5 = 2028??? Or i just read it wrong and its 2019??? Let me try and get the post

mickeysbrother · Jul 13, 2012

CONSIDERATION:
6.1 Guaranteed Fee.
(a) Initial Term. Licensee shall pay to Licensor a nonrefundable, non-recoupable fee (the “Guaranteed Fee”) in the amount of **** for the Initial Term, payable as follows and subject to increases pursuant to Section 6.1(d):
**** payable within fifteen (15) days after the execution of this Agreement;
**** payable on the earlier of (i) the Grand Opening of the Themed Area, or (ii) July 1, 2009;
**** payable on or before July 1, 2010;
**** payable on or before July 1, 2011;
**** payable on or before July 1, 2012;
**** payable on or before July 1, 2013;
**** payable on or before July 1, 2014;
**** payable on or before July 1, 2015;
**** payable on or before July 1, 2016;
**** payable on or before July 1, 2017; and
**** payable on or before July 1, 2018.
(b) First Renewal Term. In the event Licensee exercises its option to renew this Agreement for the First Renewal Term, Licensee shall pay to Licensor an additional Guaranteed Fee amount of ****, payable as follows and subject to increases pursuant to Section 6.1(d):
**** payable on or before July 1, 2019;
**** payable on or before July 1, 2020;
**** payable on or before July 1, 2021;
**** payable on or before July 1, 2022; and
**** payable on or before July 1, 2023.
(c) Second Renewal Term. In the event Licensee exercises its option to renew this Agreement for the Second Renewal Term, Licensee shall pay to Licensor an additional Guaranteed Fee amount of ****, payable as follows and subject to increases pursuant to Section 6.1(d):
**** payable on or before July 1, 2024;
**** payable on or before July 1, 2025;
**** payable on or before July 1, 2026;
**** payable on or before July 1, 2027; and
**** payable on or before July 1, 2028.
(d) The Guaranteed Fee payments set forth above, commencing with the Guaranteed Fee payment due on or before July 1, 2012, are subject to increase every three years, by a percentage

Could have sworm my math was right????

Orangelake555 said:
someones math is wrong

danlb_2000 · Jul 13, 2012

mickeysbrother said:
CONSIDERATION:
6.1 Guaranteed Fee.
(a) Initial Term. Licensee shall pay to Licensor a nonrefundable, non-recoupable fee (the “Guaranteed Fee”) in the amount of **** for the Initial Term, payable as follows and subject to increases pursuant to Section 6.1(d):
**** payable within fifteen (15) days after the execution of this Agreement;
**** payable on the earlier of (i) the Grand Opening of the Themed Area, or (ii) July 1, 2009;
**** payable on or before July 1, 2010;
**** payable on or before July 1, 2011;
**** payable on or before July 1, 2012;
**** payable on or before July 1, 2013;
**** payable on or before July 1, 2014;
**** payable on or before July 1, 2015;
**** payable on or before July 1, 2016;
**** payable on or before July 1, 2017; and
**** payable on or before July 1, 2018.
(b) First Renewal Term. In the event Licensee exercises its option to renew this Agreement for the First Renewal Term, Licensee shall pay to Licensor an additional Guaranteed Fee amount of ****, payable as follows and subject to increases pursuant to Section 6.1(d):
**** payable on or before July 1, 2019;
**** payable on or before July 1, 2020;
**** payable on or before July 1, 2021;
**** payable on or before July 1, 2022; and
**** payable on or before July 1, 2023.
(c) Second Renewal Term. In the event Licensee exercises its option to renew this Agreement for the Second Renewal Term, Licensee shall pay to Licensor an additional Guaranteed Fee amount of ****, payable as follows and subject to increases pursuant to Section 6.1(d):
**** payable on or before July 1, 2024;
**** payable on or before July 1, 2025;
**** payable on or before July 1, 2026;
**** payable on or before July 1, 2027; and
**** payable on or before July 1, 2028.
(d) The Guaranteed Fee payments set forth above, commencing with the Guaranteed Fee payment due on or before July 1, 2012, are subject to increase every three years, by a percentage

Could have sworm my math was right????

Your math was right, you were just off a year on the end date of the initial term of the project. The last payment is in 2018 but the term ends in 2019:

"(a) “Initial Term” means the period beginning on the date of complete signing of this Agreement through and including June 30, 2019. "

mickeysbrother · Jul 14, 2012

danlb_2000 said:
Your math was right, you were just off a year on the end date of the initial term of the project. The last payment is in 2018 but the term ends in 2019:

"(a) “Initial Term” means the period beginning on the date of complete signing of this Agreement through and including June 30, 2019. "

AHHHHHHHHHHH yes!!!! Forgot about the rest of the fiscal year. MY BAD

Orangelake555 · Jul 14, 2012

i didnt mean that the math was wrong literally. maybe should have said wrong calenders? just making a joke

Harry Potter Contract

ZaneB

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maryszhi

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lazyboy97o

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JT3000

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danlb_2000

mickeysbrother

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Pumbas Nakasak

Heading for the great escape.

Orangelake555

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danlb_2000

ZaneB

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mickeysbrother

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mickeysbrother

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danlb_2000

mickeysbrother

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Orangelake555

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