July 26th, 2010 | 
Author:
Marvel Entertainment
www.marvel.com
Marvel Entertainment, LLC is an American entertainment company formed from the merger of Marvel Entertainment Group, Inc. and Toy Biz, Inc.
A corporate predecessor traces its origins to the May 1933 publication of Western Supernovel magazine. That magazine was only published for one issue before the title was changed to Complete Western Book magazine in July 1933.[citation needed] The company’s oldest character is Ka-Zar, introduced in 1936. In 1939, the company began publishing comic books as Timely Publications with Marvel Comics #1.
On December 31, 2009, The Walt Disney Company acquired Marvel Entertainment, Inc. for $4.24 billion. It has been a Limited Liability Company (LLC) since then. Disney has stated that their acqusition of the company, will not affect Marvel’s products neither will the nature of any Marvel characters be transformed.
Contents
1 History
2 Units
2.1 Divisions
2.2 Subsidiaries
2.3 Former units
3 Past names
4 References
5 External links
//
History
In 1989 Ronald Perelman’s MacAndrews & Forbes Holdings group of companies bought the Marvel Entertainment Group, the parent company of Marvel Comics, from New World Entertainment for $82.5 million.
“It is a mini-Disney in terms of intellectual property,” said Perelman. “Disney’s got much more highly recognized characters and softer characters, whereas our characters are termed action heroes. But at Marvel we are now in the business of the creation and marketing of characters.”
Boosted by a massive merchandising effort, an increase in Marvel comic prices, and an overall boom in the comic book industry, Marvel’s profits spiked. Perelman later added the baseball card and basketball card companies Fleer Corporation and SkyBox International, Italian sticker manufacturer Panini Group, and comic book publishers Welsh Publishing and Malibu Comics to Marvel’s holdings for a combined total of $700 million. Investors around the world recognized his efforts and generated $80 million for Perelman when he issued Marvel’s initial public offering. He later added a significant stake in Toy Biz to Marvel’s holdings. His luck was not to last. Marvel’s attempt to distribute its products directly led to a decrease in sales and aggravated the losses which Marvel suffered when the comic book bubble popped, the 1994 Major League Baseball strike massacred the profits of the Fleer division, and Panini was hobbled by poor showings at the box office by Disney (Licensing Disney characters provided a major source of revenue for Panini, so when the movies performed poorly Panini performed poorly). A major bondholder, Carl Icahn, fought to take control of the company from Perelman. Both men failed as Toy Biz owners Ike Perlmutter and Avi Arad snatched Marvel from Perelman and Icahn in order to protect their own financial interests. Estimates of his profit on the deal vary widely. Chuck Rozanski estimates that Perelman made $200400 million off Marvel; Forbes thinks he made nothing; and the judge in the Marvel bankruptcy trial estimated he made $280 million plus various tax advantages. In December 2003, Marvel Entertainment acquired Cover Concepts from Hearst Communications, Inc. On March 15, 2007, Stan Lee Media filed a lawsuit against Marvel Entertainment for $5 billion, claiming that the company is co-owner of the characters that Lee created for Marvel. Additional, a lawsuit over the Ghost Rider Character ownership was filed On March 30, 2007 by Gary Friedrich and Gary Friedrich Enterprises, Inc.
On August 31, 2009, The Walt Disney Company announced a deal to acquire Marvel Entertainment for $4 billion, with Marvel shareholders to receive $30 and about 0.745 Disney shares for each share of Marvel they own. The voting occurred on December 31, 2009 and the merger was approved. The acquisition of Marvel was finalized hours after the shareholder voted, therefore, giving Disney full ownership of Marvel Entertainment. The company was delisted from the New York Stock Exchange under its ticker symbol (MVL), due to the closing of the deal.
Units
The company’s operating units include:
Divisions
Marvel Toys (formerly Toy Biz): a toy company owned by Isaac Perlmutter since the 1990s.
Spider-Man Merchandising, L.P.: A joint venture of Marvel and Sony Pictures Consumer Products Inc. that owns the rights to Spider-Man movie related licensed products.
Marvel Characters B.V. (The Netherlands)
MVL International C.V. (The Netherlands)
Marvel International Character Holdings LLC (Delaware)
Marvel Entertainment International Limited (United Kingdom)
Marvel Property, Inc. (Delaware)
Marvel Internet Productions LLC (Delaware)
Marvel Toys Limited (Hong Kong)
MRV, Inc. (Delaware)
MVL Development LLC (Delaware)
Marvel Film Productions LLC (Delaware)
Subsidiaries
Marvel Characters, Inc.: intellectual property holding company;
Marvel Publishing, Inc.: publisher of Marvel Comics;
Marvel Studios: a film and television production company;
MVL Film Finance LLC: holder of Marvel’s Movie debt and theatrical film rights to the ten characters as collateral.
Marvel Animation: Subsidiary charge with oversight of Marvel’s animation productions.
Film Slate Subsidiaries
MVL Rights, LLC: subsidiary holding movie rights of all Marvel Characters with some on contract with MVL Film Finance
Iron Works Productions LLC: subsidiary holding debt to finance the Iron Man movie.
MVL Productions LLC: an indirect wholly owned a film development subsidiary
Incredible Productions LLC (Delaware): subsidiary holding debt to finance the Incredible Hulk film
MVL Iron Works Productions Canada, Inc. (Province of Ontario)
MVL Incredible Productions Canada, Inc. (Province of Ontario)
Asgard Productions LLC (Delaware)
Green Guy Toons LLC (Delaware)
Squad Productions LLC (Delaware)
Former units
Fleer Corporation
Malibu Comics
Marvel Productions (1981 to 1997)
Panini Group: Italian sticker manufacturer
SkyBox International
Welsh Publishing: comic book publishers
Past names
Marvel Enterprises, Inc.
Toy Biz, Inc.
Marvel Entertainment Group, Inc.
References
^ http://www.enewsi.com/news.php?catid=190&itemid=15744
^ Raviv, Dan (2002). “Comic Wars”. Random House. http://www.webcitation.org/5OlTv7USa. Retrieved 2007-01-27.
^ a b Chuck Rozanski is a very well-known purveyor of comic books and had a walk-on role in the Marvel fiasco. Chuck Rozanski. “Perelman’s Team Nearly Destroyed the Entire World of Comics”. Mile High Comics. http://www.webcitation.org/5OlTv7USk. Retrieved 2007-01-27.
^ A minority of dissidents maintain there was never a bubble in the first place. Rozanski, Chuck. “The Vicious Downward Spiral of the 1990s”. Tales From the Database. Mile High comics. http://www.webcitation.org/5OlTv7USu. Retrieved 2007-01-27.
^ Lott, Jeremy (2002). “Smash! Pow! Bam!”. Reason Magazine. http://www.webcitation.org/5OlTv7UT4. Retrieved 2007-01-27.
^ a b c Raviv, Dan (2002). Comic Wars: Marvel’s Battle For Survival. Sea Cliff: Heroes Books. pp. 3839. ISBN 0-7679-0830-9. http://www.webcitation.org/5OlTv7UTD.
^ Miller, Matthew (2005). “Don’t Mess With Me”. The Forbes 400. Forbes Publishing. http://www.webcitation.org/5OlTv7UTM. Retrieved 2007-01-29.
^ “Marvel Acquires Cover Concepts to Extend Demographic Reach; Acquisition Extends Reach of Marvel’s Publishing Operations to 30 Million Public School Children”. BNet. http://findarticles.com/p/articles/mi_m0EIN/is_2003_Dec_18/ai_111376112. Retrieved 2008-05-14.
^ “Stan Lee Media Sues Marvel”. Archived from the original on 2007-09-22. http://strange.commongate.com/post/Stan_Lee_Media_Sues_Marvel_5B.
^ “”Ghost Rider” creator sues over copyright”. http://www.reuters.com/article/entertainmentNews/idUSN1037146020070410.
^ “Disney to acquire Marvel Entertainment for $4B”. Marketwatch. http://www.marketwatch.com/story/disney-to-acquire-marvel-entertainment-for-4b-2009-08-31. Retrieved 2009-08-31.
^ Marvel Shareholders OK Disney Acquisition, Marketwatch, December 31, 2009
^ Disney Completes Marvel Acquisition, Fox Business, December 31, 2009
^ “Marvel Launches Independent Film Slate”. superherohype.com. http://www.superherohype.com/news.php?id=3456. Retrieved 2007-11-26.
^ “Marvel Promotes Eric Rollman To President, Marvel Animation”. AWN Headline News. http://news.awn.com/index.php?ltype=search&range=all&search=Eric+Rollman&newsitem_no=23001. Retrieved 2008-05-06.
^ “MARVEL ANIMATION, INC.”. Division of Corporations Entity database. https://sos-res.state.de.us/tin/GINameSearch.jsp. Retrieved 2008-05-06.
^ “Marvel”. EDGAR Online. http://excite.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?SessionID=QMkBWYDXZIxw6YB&ID=5162934-62603-112596. Retrieved 2008-05-07.
^ “FORM 8-K SEC File 1-13638″. SEC Info. http://www.secinfo.com/d122g8.v29k.htm. Retrieved 2008-05-07.
^ “Form 10-K 2/28/08 EX-21 Subsidiaries of the Registrant”. SEC Info. http://www.secinfo.com/d122g8.ted.c.htm. Retrieved 2008-05-07.
External links
Official website
v d e
Marvel Entertainment
Board of Directors
Morton E. Handel, Chair Peter Cuneo, Vice Chair Isaac Perlmutter, Vice Chair Sid Ganis
Executives
Isaac Perlmutter, CEO Alan Fine, CEO, Publishing & Toy Divisions; CMO, Characters
Publishing
Marvel Publishing, Inc. Cover Concepts
Films
Marvel Studios Marvel Animation MVL Film Finance LLC MVL Productions LLC
Licensing
Marvel Characters, Inc. Spider-Man Merchandising, L.P. (J.V. w/Sony) MVL Rights, LLC
Other
Marvel Toys
Annual Revenue: 139.8 Million USD Employees: 255 Parent: The Walt Disney Company Web site: Marvel.com
v d e
The Walt Disney Company
Company officials
Company founders
Walter Elias Disney Roy Oliver Disney
Board of Directors
Susan Arnold John Bryson John S. Chen Judith Estrin Robert Iger (President, CEO) Steve Jobs Fred Langhammer Aylwin Lewis Robert Matschullat John E. Pepper, Jr. (Chairman) Sheryl Sandberg Orin C. Smith
Walt Disney
Studio Entertainment
Walt Disney
Motion Pictures Group
Disneynature Hollywood Pictures ImageMovers Digital Miramax Films Pixar Animation Studios Touchstone Pictures Walt Disney Animation Studios Walt Disney Pictures
Disney Music Group
Hollywood Records Lyric Street Records Mammoth Records Walt Disney Music Company Walt Disney Records Wonderland Music Company
Other studio holdings
Walt Disney Studios Home Entertainment Walt Disney Studios (Burbank) Walt Disney Studios Motion Pictures Walt Disney Theatrical Productions
Disney-ABC
Television Group
ABC Network
ABC ABC News ABC News Now Live Well HD Network
ABC-owned TV stations
KABC-TV KFSN-TV KGO-TV KTRK-TV WABC-TV WJRT-TV WLS-TV WPVI-TV WTVD WTVG
Cable TV channels
ABC Family A&E Television Networks (37.5%) Disney Channel Disney Family Movies Disney Cinemagic Disney XD ESPN (80%) (see navpage) Jetix Jetix Play Lifetime Entertainment Services (50%) Playhouse Disney SOAPnet
Radio & TV distribution
ABC News Radio Disney-ABC Domestic Television Disney-ABC International TV Radio Disney Radio Disney Latin America
TV production
ABC Studios Greengrass Productions Walt Disney Television Walt Disney Television Animation
Walt Disney
Parks and Resorts
Adventures by Disney Disney Cruise Line Disneyland Resort Disneyland Paris Disney Regional Entertainment Disney Vacation Club Hong Kong Disneyland Resort Tokyo Disney Resort Walt Disney Creative Entertainment Walt Disney Imagineering Walt Disney World Resort
Marvel Entertainment
Marvel Animation Marvel Characters, Inc. Marvel Comics Marvel Studios Marvel Toys
Disney Interactive
Media Group
Walt Disney Internet Group
ABC.com ABCNews.com Disney.com ESPN.com Go.com
Disney Interactive Studios
Avalanche Software Black Rock Studio Disney Interactive Studios Fall Line Studios Junction Point Studios Propaganda Games Wideload Games
Radio stations
Radio Disney
KALY-AM KDDZ-AM KDIS-AM KDIS-FM KDZR-AM KDIZ-AM KIID-AM KKDZ-AM KMIC-AM KMIK-AM KMKI-AM KMKY-AM KMUS-AM KPHN-AM KRDY-AM KWDZ-AM WBWL-AM WBYU-AM WCOG-AM WDDY-AM WDRD-AM WDWD-AM WDZY-AM WDYZ-AM WFDF-AM WGFY-AM WHKT-AM WKSH-AM WMKI-AM WMYM-AM WQEW-AM WRDZ-AM WRDZ-FM WSDZ-AM WWCS-AM WWMI-AM WWMK-AM
ESPN Radio/Deportes
KESN-FM KNIT-AM KSPN-AM KZMP-AM WEAE-AM WEPN-AM WMVP-AM
Other station(s)
WRJR-AM
Miscellaneous
assets
Buena Vista CrossGen Golden Oak Ranch Hulu (27%) Hyperion Books FamilyFun The Muppets Holding Company The Prospect Studios Reedy Creek Energy Times Square Studios Buena Vista International India Walt Disney Consumer Products
Notes: 1. Operated by Birach Broadcasting, controlled by Disney under an LMA.
2. Disney manages and operates this station owned by James Crystal Radio under an LMA.
3. Disney manages and operates this station owned by Liberman Broadcasting under LMA
Annual Revenue: $35.5 billion USD (2007) Employees: 137,000 (Mar 2008) Stock Symbol: NYSE: DIS Website: corporate.disney.go.com
Categories: Marvel Comics | Entertainment companies of the United States | Companies established in 1933 | Companies based in New York City | Disney franchises | Walt Disney Company subsidiariesHidden categories: All articles with unsourced statements | Articles with unsourced statements from October 2008
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