TITLE

'Spidey' loot helps Marvel double Q4 profit

AUTHOR(S)
Szalai, Georg
PUB. DATE
March 2005
SOURCE
Hollywood Reporter -- International Edition;3/14/2005, Vol. 388 Issue 10, p13
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article informs that comic book powerhouse Marvel Enterprises Inc. on Monday reported a fourth-quarter profit that more than doubled year-over-year thanks to an income tax credit, stronger international licensing revenue and contributions from a joint venture with Sony Corp. for "Spider-Man" movie merchandise. Originally on tap for late last year, the film will be released by Fox on July 8, Marvel said. Revenue rose 17.2% to $100.5 million, driven by an 89% uptick in licensing sales. The licensing results particularly benefited from international growth and the consolidation of a joint venture with Sony for "Spider-Man" movie merchandising.
ACCESSION #
16557140

 

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