According an article from the Sun News the former CEO of Hard Rock Park (along with a couple of other former founders) created a another company just before the park went under and transferred all the intellectual property rights, that weren%26#39;t already licensed, to this new company. They are claiming that the new company has rights to all the designs, buildings and names in the park and to use them the new park will have to pay them licensing fees and royalties to the tune (pun intended) of $500,000/year plus a cut of the profits. Talk about crooks! They failed miserably yet want to draw money free and clear from the new owners. I hope the courts through this one out quickly.
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