Common use of Theme Parks Clause in Contracts

Theme Parks. Disney shall have the sole and exclusive right in perpetuity to use each Picture, the characters therefrom and unique story elements thereof (excluding Pixar Technology) and/or footage from each Picture [*] in any of the following: (i) venues, retail operations and location-based entertainment which are not Picture-Themed Location-Based Entertainment,(ii) Disney's major theme parks currently in Anaheim, California; Orlando, Florida; Paris, France; and Tokyo, Japan, or future Disney theme parks of similar magnitude (collectively "Theme Parks"), and (iii) cruise ships throughout the universe (collectively "Theme Park Rights") with no financial obligation to Pixar. Such use may include use of the characters from the Pictures and unique story elements thereof (excluding Pixar Technology) as so called "walking characters", or in parades, stage shows or similar activities therein, as elements thereof (e.g., standees, props, etc.) , and as rides and attractions. Disney shall consult with Pixar as to the exploitation of the said Theme Park Rights, but Disney's decision shall govern.

Theme Parks. Disney shall have the sole and exclusive right in perpetuity to use each Picture, the characters therefrom and unique story elements thereof (excluding Pixar Technology) and/or footage from each Picture [*] in any of the following: (i) venues, retail operations and location-based entertainment which are not Picture-Themed Location-Based Entertainment,(ii) Disney's major theme parks currently in Anaheim, California; Orlando, Florida; Paris, France; and Tokyo, Japan, or future Disney theme parks of similar magnitude (collectively "Theme Parks"), and (iii) cruise ships throughout the universe (collectively "Theme Park Rights") with no financial obligation to Pixar. Such use may include use of the characters from the Pictures and unique story elements thereof (excluding Pixar Technology) as so called "walking characters", or in parades, stage shows or similar activities therein, as elements thereof (e.g., standees, props, etc.) , and as rides and attractions. Disney shall consult with Pixar as to the exploitation of the said Theme Park Rights, but Disney▇▇▇▇▇▇'s decision shall govern.