September
29
Paramount Revamps Marvel Deal
With Iron Man a summer blockbuster ($574 million worldwide) and a sequel in the offing, Paramount saw the wisdom of improving its distribution terms with Marvel Studios. It's a win-win for both companies. Comics are hot and Paramount wants them.
Monday, Paramount announced a new global distribution deal with Marvel--an extension of chairman Brad Grey's original 2005 agreement. The five-picture slate is likely to include Iron Man 2 (May 7, 2010), Thor (July 16, 2010), Captain America (May 6, 2011) and The Avengers (July 15, 2011), as well as sequel Iron Man 3. (Some release dates are tentative.)
The announcement does not cover the change in distribution terms (UPDATED), which is more competitive than the Lucasfilm Indiana Jones deal (12%), down from Marvel's original 10% deal, and equal to DreamWorks Animation's deal: 8 %. In exchange, Paramount was able to nail down the films that would be made (rather than having them go somewhere else) and got worldwide rights (Marvel had retained France, Germany, Italy, Spain, Australia and New Zealand). "it's a slightly smaller piece of a bigger pie," admitted one Paramount exec. "And significantly more movies."
The DVD for Iron Man, starring Robert Downey Jr. and directed by Jon Favreau, will hit stores on September 30, 2008. UPDATE: And whatever anyone says officially, Favreau is beavering away on the script for Iron Man 2 and plans to direct.
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