Not to be outdone by Walt Disney World, Sea World and Legoland, Universal Studios and the Wizarding World of Harry Potter plan to expand the Orlando theme park attraction with plans announced over time. The announcement was made by Barry Meyer, President and CEO of Warner Brothers, a Time Warner company. Warner Brothers licenses many popular intellectual brands including J.K. Rowling’s movies which have grossed more than $7.7 billion to date. Click here for the full Wizarding World of Harry Potter theme park video tour.
We also posted some Harry Potter park photos for your enjoyment. These show the great care and attention to detail that make the attraction so popular.
In case you were wondering, if you count Walt Disney studios, parks and resorts, networks and interactive media corporate revenues, the Walt Disney company accrued over $180 Billion in revenues over the last 5 years (Source: 2010 Disney Annual Report).
The Harry Potter gross sales number is quite large (over $7 Billion), but is “dwarfed” by the multimedia revenues of Disney’s Mickey Mouse and friends. J.K. Rowling is only 45 years old, so there is a high probability that the prolific Harry Potter franchise could continue to grow and prosper for years to come.
Simultaneously to the Orlando Fl expansion announcement, it was also reported that Universal Studios Hollywood will increase its size to account for a new Harry Potter attraction as well. Since the Florida construction period took roughly 4 years, we would expect this attraction will come to fruition in Hollywood/Los Angeles over the next 4-5 years as well.
As the Wizarding World of Harry Potter Orlando Fl is built out, vacation homes near Harry Potter will be a hot item for years to come. The additional parcel of land Universal reportedly wishes to build on is well over 200 acres. The current Harry Potter attraction at Universal Orlando is only 20 acres in size, so there is plenty of adjacent land.
The epicenter of vacation homes is and always has been south of Orlando in Kissimmee and Davenport Florida. As the size of the Universal theme park continues to have a magnetic appeal, more and more vacation home guests will desire to stay closer to Univeral. Currently resort communities near Universal is mainly limited to the Vista Cay Villas and the Isles at Cay Commons. For those who have own or manage villas near Universal Orlando, the expansion of the Harry Potter attraction is welcome news.
For those wishing to stay in a vacation home rental near Universal Studios and the Wizarding World of Harry Potter, consult our reviews on our main page. We have posted over 80+ detailed profiles on the most popular resort communities in Central Florida. For a video tour of Harry Potter Orlando Park, please click here.