full story at:Steven Spielberg will continue to serve as a creative consultant for Universal Studios' theme parks through 2017, as part of an exclusive agreement that keeps him from developing new attractions for Disney, where DreamWorks is now based.
An initial put deal, inked in 1987, was set to end next June, which would have forced Universal to pay out hundreds of millions of dollars to Spielberg in exchange for helping design elements of the company's parks, as well as rides.
Spielberg receives 5% of all gross revenue generated by U's two parks in Orlando, Fla., and one in Japan, valued at up to $50 million a year. Universal Studios Hollywood is not included because it predates the initial agreement.
Universal Studios retains Spielberg
Helmer to stay on as creative consultant thru 2017
Universal Studios retains Spielberg - Entertainment News, Film News, Media - Variety