According to SEC filings on Tuesday, Steven Spielberg has agreed to pass on his option to buy out his 2 percent of Universal theme parks proceeds and instead extended his incredibly rich deal to 2017.
According to the filing:
Waxword has previously reported that Spielberg makes an incredible $30 million a year for his "consulting" to the theme parks for Universal, an agreement that goes back to 1987.
He had the option to get bought out of that 2 percent of the gate at all Universal parks. Spielberg has agreed to pass on his option to buy out his 2 percent of Universal theme parks proceeds and instead extended his incredibly rich deal to 2017.
It also appears that the amount he will be paid for the Japanese park is being modified, but the amount has been blacked out by the SEC:
Previously: Spielberg's Deal in Perpetuity
