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.
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.
September 5, 2001 |
A federal appeals panel in New York ruled Tuesday that Tribune Entertainment can use the name "Mutant X" for its new television series--at least until a full hearing on the complaint brought by Twentieth Century Fox. Fox sued Tribune and Marvel Enterprises Inc. in April, claiming Tribune's syndicated live-action TV show, scheduled to debut the week of Oct. 1, violated Fox's licensing agreement with Marvel.
August 13, 2001 |
Tribune Entertainment Co. can proceed with the new "Mutant X" television series despite its alleged similarity to the 20th Century Fox film "X-Men," a judge has ruled. Fox sued Marvel Enterprises Inc., which publishes the "X-Men" comic book and a new magazine called "Mutant X," along with Tribune Entertainment and Fireworks Entertainment, in April, claiming the live-action syndicated TV show violated its agreement to license the "X-Men" characters for future films.
July 15, 2005 |
Billionaire financier Ronald Perelman lost an appeal of a lawsuit that accused him of diverting $553.5 million in notes issued by Marvel Entertainment Co. when he was its controlling shareholder. He now faces the prospect of a trial. Marvel, the world's largest comic book company before it filed for bankruptcy protection in 1996, publishes Spider-Man, X-Men and the Incredible Hulk comics.
August 22, 2001 |
Twentieth Century Fox filed court papers Tuesday seeking to block Tribune Entertainment and Marvel Enterprises Inc. from using the name "Mutant X," for a live-action television program scheduled to debut in October. The injunction request, filed with the 2nd Circuit Court of Appeals, follows a ruling this month by U.S.