Lani
06-24-2003, 06:07 PM
Universal Park Reported Cash Cows for Spielberg (http://www.washingtonpost.com/wp-dyn/articles/A27453-2003Jun24.html) - Washington Post, 6/24/03
Every time you ride one of the rides at a Universal Studios theme parks in Florida and Japan, movie mogul Steven Spielberg pockets a little extra change.Under an unusual but highly lucrative deal he landed as a consultant for Universal, Spielberg receives 2 percent of the gross -- from ticket sales to concessions -- from the company's two parks in Orlando, Florida, the Los Angeles Times said... The nature of Spielberg's reported deal with the parks came to light as French-based parent company Vivendi Universal began considering bids for its U.S. entertainment assets, including Universal Studios.
Every time you ride one of the rides at a Universal Studios theme parks in Florida and Japan, movie mogul Steven Spielberg pockets a little extra change.Under an unusual but highly lucrative deal he landed as a consultant for Universal, Spielberg receives 2 percent of the gross -- from ticket sales to concessions -- from the company's two parks in Orlando, Florida, the Los Angeles Times said... The nature of Spielberg's reported deal with the parks came to light as French-based parent company Vivendi Universal began considering bids for its U.S. entertainment assets, including Universal Studios.