Last year, we reported that Warner Brothers may be close to finalizing a deal with the Disney Company to create a Harry Potter themed attraction. This was revealed at JimHillMedia.com. Today more information has resurfaced on the website about the possible Potter/Disney project.
Jim Hill reveals that a 'Letter of Intent' has been signed by J.K. Rowling after months of negotiations which would allow Disney "the right to begin preliminary development of a theme park-related project featuring the Harry Potter characters."
However, a 'Letter of Intent' is defined by investorsworld.com as follows:
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| A letter from one company to another acknowledging a willingness and ability to do business ... A letter of intent is not a contract and cannot be enforced, it is just a document stating serious intent to carry out certain business activities. |
Therefore, it is still possible that the project may fall through. Jim Hill goes on to observe:
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And given Ms. Rowling's reputation for being one tough negotiator (Case in point: When Warner Bros. was getting ready to produce the very first "Harry Potter" film, the studio insisted that at least one actor in the cast be a "name." To be specific, Warners wanted Robin Williams for the role of Hagrid. But J.K. absolutely refused to allow the studio to cast this Academy-award winning comedian as Hogwart's big-hearted gamekeeper. And given that one of the terms of the sale of "Harry Potter and the Sorcerer's Stone" movie rights was that the author had final approval over the film's cast ... Well, that's how Robbie Coltrane wound up filling Hagrid's over-sized boots) ... Just because Disney now has a letter of intent with J.K. Rowling doesn't mean that you should plan on queuing up for "Harry Potter: The Ride" anytime soon. You may read the entire article here.
Article from www.snitchseeker.com
