Disney to Distribute The Avengers and Iron Man 3

Started by mehdi5, October 18, 2010, 11:11:19 PM

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mehdi5

QuoteThe Walt Disney Studios, Paramount Pictures and Marvel Studios announced they have reached an agreement under which Paramount will transfer its worldwide marketing and distribution rights to Disney for Marvel Studios' The Avengers and Iron Man 3. Paramount will remain the worldwide distributor of the upcoming films, Thor and Captain America: The First Avenger, as well as the previously released Iron Man and Iron Man 2.

Under terms of the new deal, Disney will pay Paramount $115 million for the transfer of the distribution rights to Iron Man 3 and The Avengers to be paid on the theatrical release dates. These monies will serve as a minimum guarantee against the 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. "We appreciate the tremendous momentum that Paramount established with these iconic Marvel characters and look forward to propelling the brand even further in the coming years."

"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 are grateful for the partnership we have had with the terrific Marvel team over these years and proud of the work we have done together. Today, this new agreement is the right deal for Paramount, for Marvel and for Disney. 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 has been a wonderful partner in helping Marvel Studios bring our characters to the big screen," said Alan Fine, Office of the President, Marvel Worldwide, Inc. "This agreement makes sense now that Marvel is part of The Walt Disney Company."

Paramount will release Marvel Entertainment's Thor and Captain America: The First Avenger worldwide beginning on May 6 and July 22 of 2011, respectively. The Avengers will be licensed to Epix under Paramount's existing pay television arrangement.

Disney is planning a May 3, 2013 release date for Iron Man 3.
http://www.superherohype.com/news/artic ... ents_title

Sounds great, Disney is basicly doing advertising, budget and such and Marvel can do what they do best, glad to hear there's a release date for Iron Man 3 too.

-breeno-

#1
Sounds like a good deal, very interesting to hear a Iron Man 3 release date already, I didn't even know they announced a third yet :P

I wonder how this will impact on the Parks, if anything.  I don't really know if anything Marvel related has been added to any Disney park but I'm certain WDS will get some Iron Man and Avengers posters when approaching release dates (like the ones you see around Backlot).
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mehdi5

#2
Quote from: "-breeno-"Sounds like a good deal, very interesting to hear a Iron Man 3 release date already, I didn't even know they announced a third yet :P

I wonder how this will impact on the Parks, if anything.  I don't really know if anything Marvel related has been added to any Disney park but I'm certain WDS will get some Iron Man and Avengers posters when approaching release dates (like the ones you see around Backlot).
Iron Man 3 had been confirmed for a while, the cast had signed for two Iron Man sequels(Iron Man 2&3) and The Avengers simultaneously. It's pretty positive for the movie productions also, as Disney undoubtedly can give Marvel a higher budget for their movies. Can't wait for The Avengers and IM3 to come out!

I agree with the poster thing, the movies will surely have a presence in the studios. Which is a good thing, in my opinion, as it will surely expand Disney's action-based entertainment.