Former Hard Rock Park CEO wants cut of revenue from new park

Posted Thursday, March 26, 2009 2:21 PM | Contributed by T Van

The former CEO of Hard Rock Park is asking the park's new owners, who purchased the property out of bankruptcy last month, for an annual $500,000 licensing fee and royalties, according to documents filed in federal bankruptcy court in Delaware. Steven Goodwin, the former CEO, said in an e-mail to the park's new owners, FPI MB Entertainment, that the park is still the intellectual property of a corporation he formed. He is asking for 1.5 percent of the park's revenues above $50 million, according to court documents.

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