According to the Los Angeles Times,
Universal Studios will announce tomorrow plans to build the Wizarding
World of Harry Potter in Osaka, Japan. The park will include Hogwarts
Castle and Harry Potter and the Forbidden Journey, and is estimated to
cost $500 million.
According to Warner Bros.:
Quote:
"This type of immersion is what the fans crave more than buying
traditional merchandise," said Warner Bros. Consumer Products President
Brad Globe. "Our strategy is focused on theme parks because it's a
different experience. They’ve read the books and seen the movies, but
now they can enter the world."
J.K. Rowling has given her full support to the project.
Quote:
"I was delighted to experience and enjoy the attention to detail,
creativity and superb craft that went into the first Wizarding World in
Orlando,” said Rowling. “I am equally delighted that the same level of
expertise and enjoyment will translate to the new park in Japan.”
The Japanese park is slated to open in 2014, prior to the
opening of the park being built in Hollywood, which is expected to open
in 2016.

SOURCE