Development Drop Out Costs NBCUniversal Nine Million*
CurbedLA started out the New Year by sharing a great reader tip. Someone pointed them to an SEC filing by Thomas Properties Group, which contained confirmation of a nine million dollar kill fee received by the developer from NBCUniversal.
Too bad Arrested Develpment ran on FOX, rather than NBC. Otherwise, the (still pretty good) headline chosen by CurbedLA would have been utterly perfect. From yesterday’s item:
On December 19, 2011, Thomas Properties Group, Inc. and NBC Universal Media LLC mutually agreed to terminate further work on the MetroStudios@Lankershim property that was planned for the Universal City area of Los Angeles.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in