Disney, Paramount and Marvel restructure distribution deal - Licensing.biz

Disney, Paramount and Marvel restructure distribution deal

Rights for The Avengers and Iron Man 3 transferred to Disney; Paramount keeps Thor and Captain America.
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Walt Disney Studios, Paramount Pictures and Marvel Studios have restructured the distribution rights to certain upcoming movies.

Paramount is to transfer its worldwide marketing and distribution rights to Disney for Marvel's The Avengers and Iron Man 3.

The firm will remain the worldwide distributor for the upcoming Thor and Captain America, as well as Iron Man and Iron Man 2.

Under the terms of the new deal, Disney will pay Paramount $115 million for the transfer the rights, to be paid on the theatrical release dates. These monies will serve as a minimum guarantee against the distribution fees.

"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. "This agreement makes sense now that Marvel is part of The Walt Disney Company."

Brad Grey, chairman and CEO of Paramount Pictures, added: "Today, this 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 will release Thor and Captain America worldwide from May 6th 2011 and July 22nd 2011 respectively.

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