Disney Acquires Iron Man 3 & The Avengers
When Disney bought Marvel for the insane sum of $4 billion there were a few eyebrows raised when we discovered that all the current movie deals would remain in place. As a big fan of most of the Marvel characters, and of Disney, I wondered exactly what Disney was paying for. I mean sure, they get hundreds of characters and the potential television and movie rights. Thing is, it’s just that…potential. None of this was a guarantee as the original movie deals were lifetime deals, with the stipulation being that if movie X wasn’t made within X years the rights would return to Marvel. Obviously Disney wasn’t too pleased with waiting years for movie deals to expire, so they went out and started making a few deals of their own. The first of these was revealed today. Disney has acquired the rights to distribute Iron Man 3 and The Avengers from Paramount Pictures for the small sum of $115 million, which will be paid out during the release of said two movies. Currently the films are planned for release on May 3rd, 2013 and May 4th, 2012 respectively.
Meanwhile Paramount retains the distribution rights for Thor and Captain America: The First Avenger. Both pics will be released next year, May 6 and July 22 of 2011 to be exact.
This deal makes me wonder what Disney and Marvel are doing to get back some of their other properties including, but not limited to Daredevil, Spider-Man, The Fantastic Four, etc. Regardless of what happens, the more direct control Marvel has over the production of these movies, the better. Thus far all the Marvel Studios movies have been excellent, while the studio movies have been poor to pretty good.
What do you think about this move?
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