That's a section of the contract under which Time Warner sold the parks to Premier that obligates Premier to spend a minimum annual amount improving the original Six Flags parks and to make certain payments to Time Warner for the next 15 years. We want to hear from you. But it is confusing.. Above is the concept art for the Batman-themed Gotham City. If Six Flags defaults under those terms, it loses the DC and Looney Tunes rights (among a bunch of other penalties). Or, is there no distinction between the two here? Remember, the value here is exponentially more than Al Michaels, so Disney would have to offer something of substantially more value. Disney has the rights to bring Marvel characters to Disneyland, Hong Kong Disneyland and Disneyland Paris (or to any other company's theme parks outside the eastern US or Japan), but it can't do anything with those characters inside theme parks in the eastern US or Japan. The DC/Looney Tunes license is "long term," and not "in perpetuity," according to Six Flags' legal documents. I don't want anyone to think that these deals never could happen. Answer this... Have Universal and Disney ever done a rights and talent trade before? The park is located on Yas Island near Ferrari World and Yas Waterpark, and is the third Warner Bros.'s theme park. Warner Bros. World will join the myriad of theme parks already located on Yas Island, including Ferrari World Abu Dhabi, Yas Waterworld, CLYMB, and opening in 2022, the recently announced SeaWorld Abu Dhabi. Here it is: Hey, there's actually interesting stuff in there. It is home to 40 different rides themed to Warner Bros characters. The six worlds are planned to feature 29 rides, shows, and attractions. I was running out of ways to say 'no' to the various unfounded rumors of Universal somehow getting DC characters to replace Marvel. You list an all or nothing world, based logically on legal terms. Speaking to CNBC’s Hadley Gamble from Abu Dhabi on Tuesday, the chairman of Miral, Mohamed Khalifa Al Mubarak, said the investment would profit from growing tourism in the region. A new $1 billion theme park opens to the public in Abu Dhabi on Wednesday.. Warner Bros.World Abu Dhabi is the result of a collaboration between the … Dr. Doom being re-branded to a Mad Scientist, Spiderman with the ride machines re-faced for carriages and become a crazed ride thru Transylvania, Dracula's castle being built on the site of the current amphitheater for a semi-thrill classic dark ride, Retheme the lagoon side for the Creature of the Black Lagoon. They own the rights to the characters they use AND their families, which because everyone has been an Avenger means the vast majority of Marvel is under contract to Universal. Perhaps re-facing the Hulk as Dr. Frankstein's Laboratory and a different Green Monster is born. Warner Bros. and Miral first announced the indoor project a year ago with the goal to open in 2018, and both companies say the theme park is on track for that goal. DC Comics(e.g. Disney had no particular reason to keep Al Michaels' rights, they lost the NFL rights so it was either ship him to ESPN to do Monday Night Football, or get something for him. © 2020 CNBC LLC. Privacy Policy / Cookie Policy. This article has been archived and is no longer accepting comments. “The messages of hope and goodness, and the villainy, aren’t specific to any country whatsoever and being part of this region just feels like a natural extension for these characters,” he said. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. We will continue to translate our strategic development plans into reality to achieve global leadership.”. They've abandoned the blockbuster, but their Legendary deal will get them back into it. Thanks for writing the article, it's good to know who owns what, especially in Florida where my family and friends vacation as often as possible. The United Arab Emirates already has a number of amusement parks built to attract tourism. By his side, the chairman of Warner Bros. Entertainment, Kevin Tsujihara, said any idea that Western fictional characters might not translate to Middle East audiences was misplaced. He added he was so confident in the park’s ability to entertain that visitors would even disconnect from the internet. And in the business world, "convince" means to write a very large check or to fork over other capital assets that Universal would want more than to continue to be able to run Marvel Super Hero Island. If Disney or Universal wanted to buy Six Flags as an end run to get the theme park rights to Batman and Bugs, they couldn't do it. I would think Universal have thought it through before accepting Legendary. According to Six Flags' annual report, filed with the U.S. Securities and Exchange Commission, in 2011 (the latest year for which Six Flags has disclosed the figure), Six Flags paid Warner Bros. $3.3 million for its DC ad Looney Tunes license, in addition to an unspecified amount representing 12 percent of the in-park sales of merchandise using those characters. "We have the exclusive right on a long-term basis to theme park usage of the Warner Bros. and DC Comics animated characters throughout the United States (except for … And I will probably be citing this article for a long time when people bring up DC Comics Land at IOA. Since Disney owner of Marvel and The Wolverine is coming out On July 26th but by 20th Century Fox movies… I am wondering if Disney was involved with this movie or do they just get $$$ from the rights to Marvel since Wolverine is a Marvel comic character.. What would that be, and why would they do it? The park features characters from Warner Bros.'s franchises, such as Looney Tunes, DC Comics, Hanna-Barbera, and others.

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