Monday, October 18, 2010

The Spot News: Disney Nabs Marvel Film Rights

Disney Nabs Marvel Film Rights

Seems Disney is on the move to reclaim and collect all the film rights that were sold off by Marvel and they started with Paramount Pictures; who had the distribution rights on Iron Man, Thor, and Captain America. Here is what was reported:

( http://www.comicbookresources.com/?page=article&id=28951 )

Today, those two pieces of the Marvel business model collided as Paramount Pictures – who had distribution rights to the self-financed Marvel films – relinquished distribution control of said films to Disney starting with May 4, 2012's "The Avengers" and continuing to "Iron man 3." Both Variety and The Hollywood Reporter revealed the details of the arrangement, which sees Disney paying Paramount at least $115 million dollars.

That number represents the expected amount of cash the studio would have earned from its participation in distribution of the next two Marvel movies after "Thor" and "Captain America" (which it will still release), but the deal does allow Paramount to make even more off the incoming pics as the full agreement lets them retain their 8% profit of "The Avengers" if it clears expected box office predictions as well as 9% on "Iron Man 3."

For Disney's part, the studio now has two proven tent-poll pictures to flesh out their incoming slate, and the company made quick work of announcing a May 3, 2013 release for "Iron Man 3" – nearly one year after "The Avengers" hits theaters. Capitalizing on Marvel's movie might was a major factor in the entertainment giant's purchase of the comics publisher, so this early move to control Marvel movies should come as no surprise.

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