Harry Potter and the Letter of Intent
Disney officials very quietly began talks with J.K. Rowling, the acclaimed author of the "Harry Potter" series. And after months of negotiations, Rowling finally signed a letter of intent. Which then awarded the Walt Disney Company the right to begin preliminary development of a theme park featuring the Harry Potter characters.
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.
Mind you, Disney's still hoping that negotiations can be completed in time for the company to be able to formally announce its arrangement with Rowling between July 7, 2007 (I.E. When the seventh & final Harry Potter book will be released to stores) and July 13, 2007 (When the movie version of "Harry Potter and the Order of the Phoenix" is released to theaters). When the world is expected to be in the grips of unprecedented Harry Potter mania.
Source: jimhillmedia