• When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.

Archived

This topic is now archived and is closed to further replies.

Stan Lee wins $10 Million Lawsuit against Marvel

Started by comicparadox,

10 posts in this topic

comicparadox

comicparadox

Posted
Posted

The following is verbatim article from the Associated Press. I wonder how Steve Ditko and Joe Simon might feel about Lee's legal victory...And how about the heirs to Jack Kirby's estate?

 

"Stan Lee, the legendary cartoon hero creator who gifted Spider-Man with the powerful "spidey-sense," is feeling a tingling of his own - in his wallet.

 

A Manhattan federal judge ruled that Lee is entitled to a potential multimillion payday from Marvel Enterprises of profits generated by the company's television and movie productions - particularly the box-office smash "Spider-Man," which earned more than $800 million worldwide, and its hugely successful sequel.

 

"It could be tens of millions of dollars," Howard Graff, attorney for Lee, said Wednesday. "That's no exaggeration."

 

The Monday ruling from U.S. District Court Judge Robert W. Sweet found that Lee was entitled to a 10 percent share of the profits generated since November 1998 by Marvel productions involving the company's characters, including those created by the prolific cartoonist.

 

"I am gratified by the judge's decision although, since I am deeply fond of Marvel and the people there, I sincerely regret that the situation had to come to this," Lee said in a statement.

 

Sweet's decision didn't mention a dollar figure, although Graff was anticipating a windfall since the ruling also included DVD sales and certain merchandise. "The court essentially ruled in our favor virtually across the board," Graff said. "This is a sweeping victory for Mr. Lee."

 

John Turitzin, general counsel for Marvel, promised an appeal. Turitzin noted that Sweet ruled Lee was not entitled to money from certain movie-based merchandise, and that the judge withheld judgment on money from joint-venture merchandise sales linked to the Spider-Man and Hulk movies.

 

"We intend to appeal those matters on which we did not prevail, and to continue to contest vigorously the claims on which the court did not rule," Turitzin said in a statement. The remaining issues could go before a jury if the two sides can't reach a settlement.

 

The lawsuit marks an acrimonious final chapter in the long and productive relationship between Marvel and Lee, who spent the last six decades working for the company. During a storied career, Lee created indelible Marvel fixtures such as the X-Men, the Incredible Hulk, Daredevil and The Fantastic Four.

 

"Mr. Lee did not begin this lawsuit without a lot of thought and reservation," Graff said. "He was not pleased to do it. He was saddened by the fact that things came to the point where he had to actually start a lawsuit against Marvel."

 

The 82-year-old Lee filed suit in November 2002, claiming an agreement he had signed four years earlier entitled him to 10 percent of Marvel's haul from its television and movie productions, as well as merchandising deals.

 

He already earns a $1 million a year salary from Marvel as part of the agreement, but felt he was getting stiffed on additional income due him under the deal.

 

The money involved was substantial, particularly involving the Spider-Man and Hulk movies. Spider-Man earned $114.8 million on its opening weekend, with Marvel eventually collecting more than $50 million in profits. "The Hulk" earned more than $125 million in the United States alone.

 

Shares of New York-based Marvel fell 82 cents, or 4.5 percent, to close at $17.41 in Wednesday trading on the New York Stock Exchange.

 

 

01/19/05 11:41 ET

Link to comment
Share on other sites
Crowzilla

Crowzilla

Posted
Posted

The Monday ruling from U.S. District Court Judge Robert W. Sweet found that Lee was entitled to a 10 percent share of the profits generated since November 1998 by Marvel productions involving the company's characters, including those created by the prolific cartoonist.

 

Prolific cartoonist?

Who's a prolofic cartoonist? Is Stan's legend growing even bigger as time goes on and no is left to give another viewpoint?

Link to comment
Share on other sites
Norrin_Radd

Norrin_Radd

Posted
Posted
Stan Lee wins $10 million lawsuit. I wonder how much will go to the...

 

eta.gif

 

Gyrating woman??

 

Okay. If you insist.

 

 

ahhh.gif

 

Nice gif!

 

It is hypnotic. Isn't it? Just wish I could hear what she's saying.

 

But then maybe somethings are better left unsaid. wink.gif

Link to comment
Share on other sites
Go to topic listing