Monday, January 26, 2009

Marvel sued for $750M in movie profits

THE ASSOCIATED PRESS
NEW YORK -- Shareholders of an ill-fated Stan Lee venture are seeking more than $750 million in profits from films and other works based on Marvel comic characters such as "Spider-Man," "X-Men" and "Iron Man."

....The lawsuit claims profits from Lee's comic creations belong to the company, which emerged from bankruptcy in 2006. The suit claims Lee, Marvel and others have violated Stan Lee Media's copyright interests and that the firm is due profits from all properties, including blockbuster films that were made after 1998 and based on Lee's creations.... click here for full story...