20 Facts About Marvel Entertainment


Marvel Entertainment, LLC is an American entertainment company founded in June 1998 and based in New York City, New York, formed by the merger of Marvel Entertainment Group and Toy Biz.

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Marvel Entertainment purchased the trading card company Fleer on July 24, 1992.

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On July 5, 1994, Marvel Entertainment acquired Panini Group, an Italian sticker-maker, followed by Malibu Comics on November 3 and Heroes World Distribution, a regional distributor to comic-book shops, in December.

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In late 1995, Marvel Entertainment reported its first annual loss under Perelman, which was attributed mainly to the company's large size and a shrinking market.

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Separately, in July 1996, Marvel filed with the U S Securities and Exchange Commission to raise money to create a private entity called Marvel Studios.

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ToyBiz and Marvel Entertainment Group were merged into Marvel Enterprises to bring it out of bankruptcy on June 2, 1998.

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Marvel Entertainment named its Marvel Entertainment New Media president, Steve Milo, in November 2000 to oversee its website.

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In December 2003, Marvel Entertainment acquired Cover Concepts from Hearst Communications, Inc In November 2004, Marvel consolidated its children's sleepwear-apparel licensing business with American Marketing Enterprises, Inc.

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Marvel Entertainment settled a film-royalties lawsuit in April 2005 with its former editor-in-chief, publisher and creator, Stan Lee, paying him $10 million and negotiating an end to his royalties.

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In September 2005, Marvel Enterprises changed its name to Marvel Entertainment to reflect the corporation's expansion into financing its own movie slate.

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Marvel Entertainment was delisted from the New York Stock Exchange under its ticker symbol, due to the closing of the deal.

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In June 2010, Marvel Entertainment set up a television division headed by Jeph Loeb as executive vice president.

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On October 1, 2010, Marvel moved its offices to a 60, 000-square-foot suite at 135 W 50th Street, New York City, New York, under a nine-year sublease contract.

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Marvel Entertainment was launching a new pop culture and lifestyle web show, “Earth's Mightiest Show”.

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In mid-March 2010 Kirby's estate "sued Marvel Entertainment to terminate copyrights and gain profits from [Kirby's] comic creations.

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Marvel Entertainment announced a new pre-school franchise, Marvel Super Hero Adventures, in September 2017 consisting of a short-form animated series along with publishing and merchandise during "Marvel Mania" October.

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On December 7, 2017, Marvel Entertainment announced its Marvel Entertainment Rising franchise focusing on new characters as youngsters starting with animation in 2018.

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Marvel Entertainment Comics is expected to publish material for Marvel Entertainment Rising, but delayed any announcement on their material.

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Marvel New Media is a unit of Marvel Entertainment consisting of the company's website, web series, and podcast.

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Marvel Entertainment named Shane Rahmani as senior vice president and general manager of new media in March 2019.

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