April 18, 2003 |
Even as a sequel to the blockbuster "Spider-Man" begins production, a sticky web is being spun over disputed merchandising profits from the lucrative movie franchise. Comic book giant Marvel Enterprises Inc. claims that it is being shortchanged by Sony Pictures Entertainment in a lawsuit moving its way through Los Angeles Superior Court. Sony, in turn, is questioning Marvel's accounting practices, and has withheld $1.5 million in licensing payments as a result.
November 13, 2002 |
Stan Lee, the creative force behind such comic superheroes as "Spider-Man" and the "Incredible Hulk," filed a $10-million lawsuit Tuesday, alleging that his old comic book company cheated him out of millions of dollars in movie profits. The 80-year-old writer, whose Stan Lee Media Inc. is based in Encino, contends that Marvel Enterprises Inc. reneged on a promise to pay him 10% of the profits from movies and television shows based on his characters.
March 2, 1999 |
In an ending worthy of a comic-book cliffhanger, Spider-Man has been rescued from the clutches of . . . lawyers. The nearly eight-year legal battle over the movie rights to the last major untapped superhero ended Monday on the eve of trial, with MGM relinquishing its claim to the rights in favor of Columbia Pictures, which said it would move swiftly to place the property into production. "The idea is to do it now, as fast as we can," said Amy Pascal, Columbia's president.
July 10, 2001 |
In Kevin Smith's upcoming film "Jay and Silent Bob Strike Back," his two goofball heroes discover that a comic book based on their lives is being made into a Hollywood movie. "After 'X-Men' hit at the box office," their friend Brodie explains, "all the studios started buying up every comic property that they could get their hands on, looking for the next blockbuster." When I recount the scene to Avi Arad, he beams. "See, what did I tell you!"
May 10, 2002 |
Marvel Enterprises Inc., publisher of Spider-Man comics, said Walt Disney Co. is marketing Spider-Man cartoon videos with artwork that infringes a copyrighted picture Sony Corp. is using to promote its blockbuster new movie. In a lawsuit filed in New York, Marvel asked a U.S. district judge to block Disney's Buena Vista Home Entertainment Inc. from using the illustration to sell Spider-Man cartoons that were released on video last week.
September 12, 1998 |
Toy Biz Inc. shareholders gave final approval to the toy maker's merger with Marvel Entertainment Group Inc., one of the last hurdles before the world's largest comic book publisher emerges from Chapter 11 bankruptcy protection. Toy Biz holders agreed to reclassify the New York-based company's stock and change its name to Marvel Enterprises Inc.
May 7, 2002 |
Even Spider-Man couldn't save Wall Street on Monday. Sony Corp.'s movie about the web-slinging superhero smashed box office records over the weekend. But the stocks of several companies that stand to benefit from spider-mania turned in decidedly unheroic performances during Monday's market sell-off. Sony's American depositary receipts fell 2 cents to $54, even though the movie's weekend gross of almost $115 million was the fastest trip past $100 million in ticket sales in cinematic history.
May 16, 2002 |
Marvel Enterprises Inc. said it posted a first-quarter profit on a big jump in sales from toys, comic books and paperbacks. Marvel also said it expects the recently launched "Spider-Man" movie to boost earnings over the next two years. The New York-based company reported net income of $760,000, and a loss of 10 cents a share, after the payment of preferred dividends. In the year-earlier period, Marvel posted a net loss of $8.