has the option to extend the term for two years. Biswurm said that VW has not decided whether it will exercise its option to extend the contract for a full five years. “That decision hasn’t been made yet,” he said. “I think the problem is a systemic studio weakness, and Universal has done a number of things recently to address those weaknesses.”
“Some of the films discussed in the second year of the contract are still being produced, and Year 3 is still ahead of us, so we really only have the first contract year to make our judgments on at the moment,” Biswurm added.
Despite the fact that the automaker is dismayed with the results of the deal, VW at least believes it did not overpay for what it has received so far from the pact. Universal declined to give terms of the alliance. “What we’ve spent so far is commensurate with