Hulk Rights Revert to Marvel
From Marvel's 4th Quarter 2005 earnings report:
Marvel's Chairman, Morton Handel, commented, "We are pleased with the financial results for 2005 and the strong cash flows generated by our operations. Several watershed events in 2005 have set the stage for the next phase of Marvel's growth. We announced a slate of feature films to be produced by Marvel using non-recourse, third-party debt financing. We are actively working on scripts for Captain America, Ant-Man and Nick Fury and expect that one of these could be our first film in production next year with a release in 2008.
In addition, the rights for Hulk and Iron Man reverted back to Marvel, which will enable the Company to secure a significantly higher portion of the economic benefit than under the previous licenses signed several years ago. In global licensing, we completed a video game extension agreement with Activision for our Spider-Man and X-Men properties and announced a multi-player online persistent universe game with Microsoft, both leaders in their respective industry segments. Lastly, early in 2006 we entered into a five-year toy license with Hasbro in the action figure and role play toy categories, which should extend the global reach of the Marvel brand."
In addition, during the scheduled webcast, Marvel Studios' Avi Arad added that Universal will still distribute The Hulk sequel, but Marvel will make the movie, unlike the first film, which was made and distributed by Universal. Arad says that Marvel is "very aggressive in development on Hulk."
Today's earning report confirms what reported in January here.
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