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A federal bankruptcy judge ruled today that some of Hard Rock Park's intellectual property rights still belong to the park's previous owners, who are asking the park's new owners for royalties and a licensing fee, according to attorneys involved in the case.
The $400 million park, which opened in April and closed in bankruptcy in September, was purchased in February by FPI MB Entertainment for $25 million. But Steven Goodwin, the park's former CEO, says the park's overall theme still belongs to a corporation he heads.
Read more from The Sun News.
I can say that any good ideas I come up with that make, or save, my employer money...are covered by my paycheck. Am I "being taken" when something saves the State 20K and I get my pitiful hourly wage? I think so.....but I've agreed to that compensation for all of the work I do on the clock. If Goodwin & Co. were compensated by their initial employer (HRP), then they WERE paid for their services. If not, they should have spoken up at the bankruptcy proceedings. I don't mean to imply that "it's THAT simpole", but it seems like double-dipping if you want to be compensated anew for something that was bought and paid for...
From the article:
"Many of the names for the rides and attractions and restaurants would have changed over time in any event, now it's a little bit more of a hurry-up fashion," Scott said. "The park did not get rave reviews for its creative content previously, and there is a concerted effort to change that in any event."
"Today's ruling doesn't change anything to affect our timeline," Steve Baker, the president of Baker Leisure Group, which is managing the park, said in the statement. "If anything, this provides us more of an opportunity to totally rebrand many areas in the park we felt needed to be more family friendly and better represent everything we have to offer."
You guys that are anxious to visit this year - you're not getting Johnny Carson's Tonight Show. You're getting Jay Leno's.
More on topic:
rollergator said:
...but it seems like double-dipping if you want to be compensated anew for something that was bought and paid for...
Still don't think that's quite the case. Not saying the transfer of rights wasn't on the sleazy side, but...
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