First Universal teamed with Marvel to bring THE HULK to life for moviegoers in summer 2003. Now Marvel Studios has entered into an agreement with Universal Pictures to bring two more super heroes to the big screen: Sub-Mariner and Prime. First up is SUB-MARINER, currently in development. The film will follow the adventures of the troubled Prince Namor, a half-man/half-amphibian creature from Atlantis. David Self, best known for his adaptation of the graphic novel ROAD TO PERDITION for DreamWorks, will write the screenplay.
Tagged With: Marvel
THE ASSOCIATED PRESS has reported that SPIDER-MAN creator Stan Lee has filed a $10 million lawsuit against Marvel Entertainment, seeking 10% of the profits from the blockbuster franchise SPIDER-MAN. Lee, who has created a myriad of super hero characters for Marvel, including SPIDER-MAN, claims Marvel Entertainment signed a deal to give him 10% of any profits from his characters used in films and television shows. Although SPIDER-MAN has grossed over $800 million worldwide, Lee says he hasn't seen any money from his character's newfound global success.
Comic book publisher Marvel Enterprises, Inc. reported a 96% increase in third quarter net sales benefiting from a growing list of entertainment, publishing, toy and consumer products including summer blockbuster SPIDER-MAN. Results for the quarter ending September 30, 2002, reflected approximately $4 million in revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) related to SPIDER-MAN which had been anticipated to be received in Q4 2002.
Danny Fingeroth reviews Dan Raviv's book on the legal wrangling between two businessmen for control of Marvel Comics, which reveals the power of dollars and its impact on the art.
The comic book industry and especially Marvel Comics have been tied to New York City since practically their inception. Gerard Raiti reports on how Marvel responded to the attacks of September 11th.
Spider-Man, The Incredible Hulk, The X-Men and 4,700 other characters from the Marvel universe are part of a 10-year worldwide licensing agreement between Vivendi Universal Publishing (VU Publishing) and Marvel Enterprises, Inc. The arrangement grants VU Publishing's games division (VU Games) the right to develop and publish online massively multi-player (OLMMP) games based on Marvel's superheroes. The first OLMMP title under the new agreement is targeted for release in 2005.
Marvel exec Allen S. Lipson, Esq., will take over as CEO of Marvel Enterprises effective January 1, 2003, upon the retirement of Peter Cuneo, current president & CEO. Following his retirement, Cuneo will continue to serve as a Marvel board member and advisor. Lipson has been Marvel's executive vice president business & legal affairs since November 1999, where he played an integral role in structuring and negotiating the company's strategic entertainment and licensing relationships.
It probably comes as no surprise that the incredible success of Columbia Pictures/Marvel Studios feature film release SPIDER-MAN ($800 million worldwide) has led the company into strong second quarter revenues. Revenue in this quarter rose to $71 million from $45.9 million a year ago. For its quarter ended June 30, Marvel reported a net profit of $4.2 million after provisions for preferred dividends, or 10 cents a share, compared with a net loss of $11.4 million, or 33 cents a share, a year before.
Marvel Enterprises, Inc. has appointed Kenneth P. West, 44, as executive vice president and chief financial officer. In his new capacity, West will be responsible for managing all financial and treasury functions, bank relationships and conducting internal and industry analysis to support the company's goals for growth. He will also play an important role in Marvel's expanded investor relations initiatives and developing strategies to enhance the company's capital structure.
SPIDER-MAN's record-breaking success means movie-goers can look forward to many more superhero flicks at the box office in the coming years, including another installment of the trials and tribulations of Peter Parker and his arachnid alter ego. Marvel Enterprises recently announced it received a seven-figure advance for the sequel to SPIDER-MAN, which will reunite stars Tobey Maguire and Kirsten Dunst and director Sam Raimi, and is scheduled to hit screens in 2004.
Game publisher THQ has been named the worldwide exclusive interactive game licensee for some of Marvel Enterprises' most popular comics properties including CAPTAIN AMERICA, THE PUNISHER and NICK FURY. The all-inclusive relationship grants THQ rights to all classic TV and film versions of each of the properties for every viable game system as well as PC, through 2007. The two companies also announced they will collaborate on the upcoming comic book series, THE CALL.
Marvel's popular comic book character DAREDEVIL will soon come to life on next generation console systems. Interactive entertainment publisher Encore, Inc. has signed an exclusive, five-year, worldwide agreement with Marvel Enterprises, Inc. to publish action-adventure games based on the blind superhero. The game's release will coincide with the December 2002 premiere of the feature film DAREDEVIL starring Ben Affleck.
Danny Fingeroth spins through the new book by Michael Mallory that covers everything Marvel in big, bold and glossy pages.
A court issued an injunction in favor of 20th Century Fox against Marvel, Tribune and Fireworks, preventing them from violating Fox's rights in its X-MEN movie. Moreover, the court also held that Fox can go to trial to recover monetary damages from Marvel and Tribune's use of MUTANT X as the title of their new television series, as well as a permanent injunction on the title of the series.
Marvel Enterprises, Inc. has named Steve Milo president of Marvel New Media. In his new role, he will oversee development, organization and implementation of Marvel.com's strategic direction. Previously, Milo spent 5 years in senior management positions at Fandom and AnotherUniverse.com, a leading e-commerce and content site for toys and collectibles, which he founded.
Dimension Films has just signed on to foot part of the US$75 million bill for the film version of Marvel Comics GHOST RIDER. Dimension joins Castle Sky Productions as the production companies on the flick. Crystal Sky Entertainment CEO Steven Paul, Marvel Studios head Avi Arad and actor Jon Voight are producing the flick with Dimension handling Stateside distribution. David Goyer will write and Stephan Norrington will direct the live-action adaptation. The team last collaborated on BLADE.
Marvel Enterprises and Artisan Entertainment have entered into a joint venture that will send 15 Marvel superhero characters to Artisan for feature, TV, direct-to-video and Internet programming. Both companies will share in the money made from the properties and tied-in merchandising. Each company will own the programming library.
Mark Steven Johnson is in talks to pen and direct DAREDEVIL, the live-action adaptation of the Marvel Comics superhero franchise. The project originally started at Fox where directors such as Chris Columbus and Carlo Carlei developed the production. Now based out of Columbia Pictures, comic fan Johnson will breathe life into the story of the blind lawyer who uses his other, heightened senses to fight for justice. Marvel moved DAREDEVIL from Fox, because the studio is already busy putting together the Marvel titles X-MEN, FANTASTIC FOUR and SILVER SURFER.
MARVEL ENTERPRISES INC. announced two new Directors have been appointed to the Board. PETER CUNEO, President and CEO, Marvel Enterprises, Inc., andproducer SID GANIS, former Vice Chairman of Columbia Pictures and Presidentof Worldwide Marketing for Columbia/TriStar Motion Pictures Companies, wereeach appointed to the Board of Directors.
Marvel Enterprises has hired Peter Cuneo as president and CEO. Cuneo wasCEO of Remington Products, president of the security hardware group ofBlack and Decker, and president of Clairol's personal care division. FormerCEO Eric Ellenborgen resigned to head a media investment concern.
Marvel Enterprises has secured a $60 million credit line from Citibank. This lends credence to rumors that it is interested in taking over Harvey Entertainment which owns the rights to many animated and comic book characters such as Casper the Friendly Ghost and Richie Rich. Three years ago, Marvel Entertainment Group filed for bankruptcy. Toy Biz, which had been a subsidiary, acquired the bankrupt Marvel Entertainment Group, then created Marvel Enterprises as the umbrella company.