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Tagged With: Marvel

Marvel Headline News

Marvel Profits Fall in 2009

What a difference a year makes. Marvel Entertainment posted a lower second-quarter profit as compared to one year ago, notes the HollywoodReporter But, the superhero machine did exceed Wall Street’s expectations.

It seems super powers are no match for a tough economic climate. Marvel posted a quarterly profit of $29M, down from $46M this quarter, one year ago. Also, Marvel’s revenue fell from $156.9M to $116.3M.

Marvel Headline News

Marvel Welcomes Theo Paphitis to International Advisory Board

Press Release from Marvel Entertainment, Inc.

NEW YORK -- Marvel Entertainment, Inc. (NYSE: MVL), a global character-based entertainment and licensing company celebrating the 70th anniversary of its founding in 1939, announced today the addition of Theo Paphitis to the company's International Advisory Board. Comprised of business leaders from key international growth markets, the Advisory Board works with Marvel executives to explore opportunities for expanding the presence of the Marvel brand and key character franchises in international markets.

Marvel Headline News

Marvel and Hallmark Enter into Strategic Licensing Alliance

Press Release from Marvel Entertainment, Inc.

NEW YORK -- Marvel Entertainment, Inc., a global character-based entertainment licensing company celebrating the 70th anniversary of its founding in 1939, announced today an expansive licensing agreement with Hallmark Cards, Inc. covering the social expressions category with products such as greeting cards and party goods. The strategic arrangement with Hallmark furthers Marvel's category management strategy of consolidating key licensing categories across many Marvel programs with top-caliber partners.

Marvel Headline News

Natalie Portman Joins Thor Cast

Marvel Studios announced today that Academy Award nominated actress Natalie Portman has been cast to star as Jane Foster in the studio's highly anticipated movie THOR. In the early "Thor" comics, Jane Foster was a nurse who became Thor's first love. The character will be updated for the feature adaptation. Portman will star opposite Chris Hemsworth who will play Thor and Tom Hiddleston who will play the villain Loki. Kenneth Branagh will direct the film.

Marvel Headline News

Marvel Ent.'s Stock Upgraded by J.P. Morgan

MARKETWATCH reports that analysts at J.P. Morgan raised their rating on Marvel Entertainment Inc. from neutral to "overweight."

The price target for the stock was hiked from $27 to $42, and analysts said in a note to clients that Marvel was their "top pick as we expect the company to continue to generate high margin revenue from exploitation of its library of characters and surprise the Street to the upside."

Marvel Headline News

Cartoon Net Asia Pacific the New Home of Marvel

Press Release from Cartoon Network

Hong Kong, June 15, 2009 -- As part of a new output deal, Cartoon Network, the number one channel for kids in Asia Pacific, will become home to Marvel's universe of super-heroes in the region. The world's most recognizable and iconic denizens of the comic world will be powering their way onto the channel with the likes of the MARVEL SUPER HERO SQUAD, THE AVENGERS and THOR.

Marvel Headline News

Springs Creative Gets Licensing Partnership With Marvel for Spider-Man

Springs Creative Products Group has entered into a licensing agreement with Marvel Entertainment, Inc. for the Spider-Man brand. This agreement will allow Springs Creative Products Group, LLC to incorporate Spider-Man and the classic characters from the Spider-Man comic book series -- including Black Cat, Electro, Doctor Octopus, Green Goblin and Rhino -- into their lines of retail fabrics and craft kits.

Million Headline News

Marvel Ent. Flat For First Quarter

Marvel Entertainment, Inc. reported operating results for its first quarter ended March 31, 2009. Marvel also raised the low end of its financial guidance for 2009, reflecting a stronger than expected first quarter performance in its licensing and film production segments and a decline in the anticipated full year tax rate.

Marvel Headline News

Marvel Promotes Alan Fine to Exec VP

Press Release from Marvel Entertainment, Inc.

NEW YORK -- Marvel Entertainment, Inc. (NYSE:MVL) has promoted Alan Fine, 58, to Executive Vice President, Office of the Chief Executive. Mr. Fine joins David Maisel and John Turitzin in this position. Messrs. Maisel, Turitzin and Fine, along with Marvel's Chief Executive Officer, Issac Perlmutter, comprise the Office of the Chief Executive, which oversees all of Marvel's divisions and operations.

Marvel Headline News

Marvel Looks for Writers

Marvel Ent. is looking to assemble a group of writers to pen scripts for various upcoming film projects, according to VARIETY.

The program will be similar in nature to one Disney has had since 1990, in which a dozen writers are hired to work with creative execs to develop films for the studio and TV shows for the Disney Channel, ABC and ABC Family.

Up to five writers a year will work on specific projects and can include current staff working on Marvel's comicbooks. Agencies are currently pitching writers to Marvel.

Marvel Headline News

Marvel Characters to go MMOG with Gazillion

Gazillion Ent. entered into a worldwide licensing agreement with Marvel Ent. to develop and publish MMO games featuring Marvel's iconic universe of more than 5,000 superheroes, including elements from its films and animated series. The first game in development is a casual MMO for younger audiences based on Marvel's SUPER HERO SQUAD property. SUPER HERO SQUAD features an exciting, super-stylized look for the greatest superheroes, including Iron Man, Hulk, Wolverine, Thor, Fantastic Four, Captain America and many others.

Marvel Headline News

Marvel Sets Spidey 4 Date, Adjusts Avengers Strategy

Marvel Studios confirmed Thursday that Sony Pictures Entertainment will release SPIDER-MAN 4 on May 6, 2011. Additionally, Marvel Studios has revised the release dates for THOR and CAPTAIN AMERICA as part of its release strategy for an uninterrupted road to THE AVENGERS, now debuting May 4, 2012.

A Marvel character-based film will now launch the summer box office season for three years in a row, from 2010 through 2012.

Marvel Headline News

Samuel L. Jackson to Play Nick Fury in Long-Term Deal with Marvel

Samuel L. Jackson and Marvel Ent. have come to a deal for the actor to play Nick Fury in IRON MAN 2 and up to nine more future Marvel superhero releases, reports VARIETY.

Marvel reportedly upset Jackson when he was offered pittance to reprise his role in future films, which has also been the root of problems in offers to talent like Mickey Rourke and Sam Rockwell, according to sources, despite a gross of upwards of $600 million for IRON MAN.

Super Headline News

Marvel Super Hero Squad to Hero up with Cartoon Network U.S.

Cartoon Network has picked up 26 episodes of the new MARVEL SUPER HERO SQUAD animated series to debut on the network in late 2009. MARVEL SUPER HERO SQUAD is an action-packed show featuring super-stylized versions of its most popular characters including Captain America, Silver Surfer, Hulk, Wolverine and Iron Man.

Marvel Headline News

Hasbro, Marvel Extend Strategic Licensing Agreement Through 2017

Hasbro will retain rights through 2017 to make toys and games based on new Marvel and Columbia Pictures theatrical releases and on Marvel's globally popular portfolio of superhero brands, including franchises such as Spider-Man, Iron Man, the Avengers, X-Men, Thor and Captain America.

Marvel Headline News

Stan Lee, Marvel Sued for $750 Million by Ex-Shareholders

THE ASSOCIATED PRESS reports that shareholders from an old Stan Lee venture are looking for a settlement amounting to $750 million in profits from films and other works based on Marvel comic characters like SPIDER-MAN, X-MEN and IRON MAN.

Comics Headline News

Spider-Man and Barack Obama Team Up

Marvel Comics' new issue of SPIDER-MAN will feature soon-to-be inaugurated President-Elect Barack Obama.

Written by Zeb Wells with art by Todd Nauck and Frank D'Armata, the story takes place in Washington, D.C. on Inauguration Day and finds one of Spider-Man's oldest foes attempting to thwart the swearing in ceremony of the 44th President of the United States.

Studios Headline News

Connors Named COO at Marvel Studios

Tim Connors has been named Chief Operating Officer of Marvel Studios, the Hollywood subsidiary of Marvel Ent. In his new role, Connors will manage Marvel Studios' day-to-day business operations as well as oversee the business transactions for all studio productions including the anticipated releases of IRON MAN 2 on May 7, 2010, THOR on July 16, 2010, THE FIRST AVENGER: CAPTAIN AMERICA on May 6, 2011, THE AVENGERS in July 15, 2011 and ANT MAN.

Series Headline News

Thor Getting Animated For TV

Marvel Animation is expanding its slate of offerings with 26 action-packed half-hour episodes of an all-new animated television series based on THOR. The THOR series will be self-produced by Marvel and is scheduled to launch fall 2010 following Marvel's live-action THOR feature film in summer of 2010.

Marvel Headline News

Joe Johnston Recruited To Direct Captain America

Marvel Studios has hired Joe Johnston to direct FIRST AVENGER: CAPTAIN AMERICA, reports THE HOLLYWOOD REPORTER.

The studio is hearing pitches and is expected to hire a writer soon to adapt the classic comic book character. Kevin Feige with Marvel is producing.

Starting with IRON MAN, Marvel has set in motion a film path leading to a big AVENGERS film for 2011. THOR, the IRON MAN sequel and CAPTAIN AMERICA (set for May 6, 2011) all will lay the ground work.

Film Headline News

Iron Man Propels Marvel To Q3 Gain

For Q3 2008, Marvel reported net sales of $182.5 million and net income of $50.6 million, or $0.64 per diluted share, compared to net sales of $123.6 million and net income of $36.3 million, or $0.45 per diluted share, in Q3 2007. The year-over-year improvement reflects an earlier-than-expected recognition of approximately $60 million in film revenues associated with the box office performance of Marvel's IRON MAN feature film.

However, with the lack of a new film scheduled for 2009, Marvel Chairman Morton Handel expects next year to be more modest.

Marvel Headline News

TELETOON Set To Become Home Of Marvel In Canada

TELETOON Canada Inc. and Marvel Animation have entered into a multi-year output deal that sees TELETOON become the home of Marvel Animation in Canada. Beginning in spring 2009, a broad spectrum of Marvel animated series will air on TELETOON networks in both English and French. The agreement sees Marvel deliver a minimum of 182 episodes of first-run animation for broadcast and includes rights for additional platforms including broadband, video-on-demand, mobile and other online opportunities.

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