September 6, 2005 |
Look out, Red Skull, the company that owns Marvel comics has raised enough money to fund a movie about your archenemy, Captain America, and nine other superhero adventures. Marvel Enterprises Inc. is expected to announce today that it has changed its name to Marvel Entertainment Inc. to reflect its expansion into film production with the closing of a $525-million loan deal with Merrill Lynch, Pierce, Fenner & Smith Inc.
September 23, 2009 |
Walt Disney Co.'s romance with Marvel Entertainment began last February when Disney Chief Executive Bob Iger first brought up the idea of an acquisition during an otherwise innocuous business meeting with Marvel film chief David Maisel. In June, Iger made his intentions clear and the two companies embarked on a nearly three-month-long series of negotiations that involved four in-person meetings, numerous phone discussions and an intense back-and-forth over price that culminated in the $4-billion deal announced Aug. 31. The timeline of the negotiations that led to the acquisition, along with other details of the agreement, were disclosed Tuesday in a regulatory filing from Disney that led with its public offer of up to $2.12 billion in stock to help fund the deal.
November 16, 2001 |
Marvel Enterprises Inc. said its third-quarter loss widened to $14.7 million, or 54 cents a share, from $9.2 million, or 39 cents, a year ago, as the comic-book publisher and toy maker shifts from its traditional toy lines to focus on its more-profitable licensing and entertainment businesses. Sales fell 41% to $43 million, the New York-based company said. Revenue from the licensing and publishing units rose. Marvel fell 16 cents to $2.80 on the NYSE.
April 9, 2003 |
Marvel Enterprises Inc. handed out $2.18 million in executive bonuses last year after awarding none in 2001, as licensing fees connected to the "Spider-Man" movie helped quadruple earnings. Alan Fine, president of Marvel's Toy Biz marketing division, got the biggest bonus, $669,926, plus a salary of $450,000, the company said in a regulatory filing. F. Peter Cuneo, who had been Marvel's chief executive, got a bonus of $500,000 and salary of $772,115 before resigning in December.
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 17, 2003 |
Sony Corp. said a lawsuit filed by comic books publisher Marvel Enterprises Inc. over licensing rights to the "Spider-Man" movie franchise should remain confidential, according to court papers. Marvel, the publisher of "Spider-Man" and "X-Men," in February filed a lawsuit under seal against Sony and announced the move in a news release. Two newspapers, Daily Variety and the Daily Journal, asked the court to make the filing public.