Marvel has been under the Disney umbrella for a while now, but most of its properties are still licensed out to other studios such as X-Men, Spider-Man, and Ghost Rider to name a few. Today, the House of Mouse sent out a press release announcing their plan to distribute two of Marvel’s most popular titles, Iron Man 3 and the highly anticipated The Avengers.
Disney will pay Paramount a pretty penny to get their hands on the Iron Man and Avengers rights to the tune of $115 million. Here are some of the specifics from the press announcement:
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 will still distribute Thor and Captain America: The First Avenger as planned on May 6, 2011 and July 22, 2011, while The Avengers will be released via Disney on May 4, 2012 and Iron Man 3 on May 3, 2013.
For those of you worried about how Disney’s input will affect the outcome of the films, relax. With Disney’s backing, the filmmakers will have an even larger amount of money to work with to produce each movie. Bigger budgets don’t necessarily mean better films but it does help with special effects and action sequences, which projects in the comic genre thrive on.
What do you think about Disney distributing Iron Man 3 and The Avengers? Is this a good or bad thing?
Source: Coming Soon