Monday, October 18, 2010

Disney Distributing Marvel's "Avengers" and "Iron Man 3"

The Walt Disney Studios, Paramount Pictures and Marvel Studios report they have reached an agreement under which Paramount will transfer its worldwide marketing/distribution rights to Disney for Marvel Studios' big screen comic book adaptations "The Avengers" and "Iron Man 3".

Paramount will remain worldwide distributor of the upcoming features "Thor" and "Captain America: The First Avenger".

Under terms of the new deal, Disney will pay Paramount $115 million for the transfer of distribution rights to "Iron Man 3" and "The Avengers" to be paid on the theatrical release dates, serving as a minimum guarantee against distribution fees.

"In completing this agreement, Disney will now assume worldwide marketing and distribution of 'The Avengers' and 'Iron Man 3' and leverage these two highly-anticipated films across the multiple global platforms of The Walt Disney Company," said Rich Ross, Chairman of The Walt Disney Studios.

"Five years ago, when Paramount and Marvel made our initial deal, both our businesses were in very different places," said Brad Grey, Chairman & CEO of Paramount Pictures.

"We look forward to working together on 'Thor' and 'Captain America' and we wish Disney and Marvel the utmost success, in what we know will be a very productive and wide-ranging partnership."

Paramount will release Marvel's "Thor" May 6, 2011 and "Captain America: The First Avenger" July 22, 2011.

"The Avengers" will be licensed to
Epix under Paramount's existing Pay TV arrangement.

Disney is planning a May 3, 2013 release date for "Iron Man 3".

Click the images to enlarge...