Could Lawsuits Spell Trouble For Marvel Entertainment (MVL)
Barron's had a interesting column on Marvel Entertainment (NYSE: MVL) this weekend and how potential lawsuits could impact its billion-dollar character franchises, including Spider-Man, The Incredible Hulk and X-Men.
Lawsuits originating from earlier agreements Marvel Entertainment had with bankrupt Stan Lee Media, founded by Stan Lee and Peter Paul, may prove that Stan Lee Media has rights to half of Marvel's profits on films like Iron Man and The Incredible Hulk.
Marvel vehemently disagrees with Stan Lee Media's Peter Paul's claims and Marvel is quick to note that Peter Paul has several felony convictions. Peter Paul was convicted for manipulating the shares of Stan Lee Media.
So to sum up, even if Peter Paul's claims aren't likely to earn half of Marvel's profits, the claims have raised questions about Marvel's title to its billion-dollar character franchises.
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