Universal is set confirm on Tuesday, December 6 that a second Wizarding World of Harry Potter attraction will be built at Universal Studios Hollywood.
The LA Times reports that executives from Universal and Warner Bros. (which owns the licensing rights to the Harry Potter books and movies), will host a press conference at the park on Tuesday morning. The e-mail announcing the event stated that Universal Studios Hollywood would be "hosting a Butterbeer toast", referencing the drink that has been a huge hit at the existing Wizarding World of Harry Potter at Universal Orlando's Islands of Adventure.
California Governor Jerry Brown will be in attendance at the announcement, with officials from his office revealing to the press that the Universal Studios Hollywood deal would "bring hundreds of millions of dollars into California's economy, help create jobs and support our tourism industry".
The addition of a Potter-themed land to the Los Angeles park has been widely rumored since Universal Studios President Ron Meyer revealed that further Harry Potter attractions were being planned for the chain's theme parks outside of Orlando.
Sources have claimed that Universal Studios Hollywood's version of the Wizarding World of Harry Potter will be very similar to the existing version in Florida. This would point towards it featuring a replica of Hogsmeade Village, along with a recreation of Hogwarts Castle and a clone of the Harry Potter and the Forbidden Journey dark ride.
Universal has reportedly agreed a new licensing deal with Warner Bros. to cover the Hollywood park, as the existing deal only covered the Universal Orlando Resort. The company will need to find room for the Wizarding World on the compact Universal Studios Hollywood site, either by removing existing attractions or by expanding into the studio's backlot area.
Universal Parks & Resorts has continued to benefit from the popularity of the Wizarding World of Harry Potter, which opened at Islands of Adventure in 2010. The Orlando Sentinel reports that the unit's revenues climbed by 9.1 percent in 2011's third quarter, to $531 million. Profits rose to $285 million from $252 million in the same period last year.
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