Monday, August 31, 2009

Disney Buys Marvel

This will have a huge impact on the future of the action hero movie.

Walt Disney Co. (left) is acquiring Marvel Entertainment (right) for about $4 billion. Marvel owns the rights to 5000 popular comic-book characters, including Iron Man, Spider-Man, the Incredible Hulk, the Executioner, X-Men, Captain America, Fantastic Four and Thor.

Marvel has recently been making its own productions (vs. just licensing its characters for films), which has helped drive better-than-expected results the past few quarters. Based on the closing price of Disney stock on Friday, August 28, the transaction value is $50 per Marvel share or approximately $4 billion.

1 comment:

thomas jones said...

Wow, I hope they don't clean up any of the Marvel violence or cussing that we have all grown to love.