Will Universal get rid of Marvel?
Will Universal get rid of Marvel? Universal Orlando Can Keep Marvel Licensing in Perpetuity What's interesting about Comcast's 1994 contract for Marvel IP that it inherited with its purchase of NBC Universal, the contract is valid in perpetuity, as long as Universal Studios doesn't close Marvel Super Hero Island.
Is Marvel Super Hero Island closing?
There are no plans for Orlando's version of the attraction, or Marvel Super Hero Island, to close in the immediate future. In addition, Universal has also announced that Terminator 2: 3-D and Backdraft, which are currently on hiatus, will officially close in preparation for future plans.
Why can Universal still have Marvel?
Marvel, before its merger with Disney, had made a licensing agreement with Universal Studios Orlando, to use most of Marvel's characters for attractions and merchandising. Universal is free to use the characters as long as they maintain the agreement (with continual payments to Marvel's new owner).