July 15, 2005 |
Electronic Arts Inc. said it would delay the launch of "The Godfather" game, based on the book and movie of the same name, until the first quarter of 2006. The highly anticipated title was to be on sale in time for the Christmas holiday. But a spokesman for the company said the "Open World" interactive element that allowed characters to move freely through the game was not "quite ready." From Reuters * Microsoft Corp. reached an agreement to use Marvel Enterprises Inc.'
April 29, 2005 |
Marvel Enterprises Inc., which holds the rights to 5,000 comic book characters, settled a lawsuit with Spider-Man creator Stan Lee over film royalties and plans to start producing its own movies. The company said it had signed an eight-year agreement with Paramount Pictures, a unit of Viacom Inc., to distribute as many as 10 films, according to a statement Thursday. Merrill Lynch & Co. set up a $525-million credit line to fund production, a loan backed by limited rights to 10 Marvel characters.
February 18, 2005 |
Spider-Man creator Stan Lee, who spent two years in court fighting Marvel Enterprises Inc. for royalties from the characters he invented, said he expected to settle the case before a judge decided how much the company owed him. "All I'm looking for is a fair settlement," Lee said in an interview in his Beverly Hills office. "The last thing I would want to do is bankrupt Marvel. I love the company, and I love the people there." U.S.
January 20, 2005 |
Caught in a sticky legal web, Marvel Enterprises Inc. was told it owes comic book icon Stan Lee 10% of the profit it has received since November 1998 for films based on Spider-Man and other superheroes Lee created. The 82-year-old Lee could be entitled to tens of millions of dollars, considering the blockbuster success of the movies "Spider-Man" and "Spider-Man 2," said his attorney, Howard Graff. "This is a sweeping victory for Mr. Lee."
November 12, 2004
* Japan's economy grew at an annual 0.3% pace in the third quarter, less than expected, suggesting a recovery was faltering as overseas demand for the nation's semiconductors and flat-panel screens slowed. * Mossimo Inc., a maker and licenser of apparel and accessories, said its third-quarter results swung to a loss on higher expenses. The Santa Monica-based company posted a loss of $125,000, or 1 cent a share, contrasted with a profit of $630,000, or 4 cents, a year earlier. Revenue rose to $4.
November 2, 2004 |
Three months after suing Walt Disney Co. in a dispute over royalties, Marvel Enterprises Inc. wants to strip the Magic Kingdom of its licensing deals for lucrative Marvel superheroes. In a new lawsuit filed Friday in federal court in Los Angeles, Marvel asked a judge to declare that Disney didn't legally assume copyrights to Marvel characters when it bought the original licensee, Fox Family Worldwide, in 2001.