Marvel's new name and more movies!

*Raph's Girl* · 09-07-2005, 09:10 AM

http://www.scifi.com/scifiwire2005/i...d=32291&type=0

Marvel, the home of Spider-Man and X-Men, has a new name and 10 new movies in development, Variety reported. With its $525 million debt facility from Merrill Lynch closed, the company is changing its name from Marvel Enterprises to Marvel Entertainment, reflecting its new business producing and financing movies internally without a studio partner.

Along with the Merrill Lynch deal, Marvel struck a deal with Paramount to market and distribute its films for a fee, similar to Lucasfilm's arrangement with Fox, the trade paper reported.

Marvel has identified 10 new characters and groups it will develop as potential feature franchises to produce itself: Captain America, the Avengers, Nick Fury, Black Panther, Ant-Man, Cloak and Dagger, Dr. Strange, Hawkeye, Power Pack and Shang-Chi.

The deal with Merrill allows Marvel to produce films with budgets between $50 million and $165 million. If the first films are successful, Marvel will be able to replenish the facility to produce new movies in development or sequels to hits. The company is hoping to release its first movie by the summer of 2008.

Raph's Girl note: I've been saying for months that they should do an Avengers movie! Guess somebody in Marvel heard me! *L* Now hopefully the Nick Fury movie will be better than the David Hasselhoff one that aired a couple years back... ugh!

09-07-2005, 09:10 AM	#1
Raph's Girl Dierna Soul, Reporter Join Date: Mar 2005 Location: Jakku Posts: 10,831	Marvel's new name and more movies! http://www.scifi.com/scifiwire2005/i...d=32291&type=0 Marvel, the home of Spider-Man and X-Men, has a new name and 10 new movies in development, Variety reported. With its $525 million debt facility from Merrill Lynch closed, the company is changing its name from Marvel Enterprises to Marvel Entertainment, reflecting its new business producing and financing movies internally without a studio partner. Along with the Merrill Lynch deal, Marvel struck a deal with Paramount to market and distribute its films for a fee, similar to Lucasfilm's arrangement with Fox, the trade paper reported. Marvel has identified 10 new characters and groups it will develop as potential feature franchises to produce itself: Captain America, the Avengers, Nick Fury, Black Panther, Ant-Man, Cloak and Dagger, Dr. Strange, Hawkeye, Power Pack and Shang-Chi. The deal with Merrill allows Marvel to produce films with budgets between $50 million and $165 million. If the first films are successful, Marvel will be able to replenish the facility to produce new movies in development or sequels to hits. The company is hoping to release its first movie by the summer of 2008. Raph's Girl note: I've been saying for months that they should do an Avengers movie! Guess somebody in Marvel heard me! L Now hopefully the Nick Fury movie will be better than the David Hasselhoff one that aired a couple years back... ugh! __________________