Source: The Hollywood Reporter
According to The Hollywood Reporter
, Disney has agreed to acquire Marvel Entertainment for $4 billion. Disney's CEO Robert Iger had the following to say about the purchase of the legendary home of character's like Spider-Man
and Iron Man
"We believe that adding Marvel to Disney's unique portfolio of brands provides significant opportunities for long-term growth and value creation."
No word yet on how or if the deal will affect the current film production deal Marvel has with Paramount Pictures.
: In a conference call, the companies said that the deals for movies for characters at other studios (Spider-Man
, etc.) will stay in place under the terms set by Marvel and the other studios. The deal with Paramount Pictures to distribute "Iron Man 2
," "Captain America
" and "The Avengers
" stays in place as well, but Disney would like to self-distribute down the line. It was actually stated that the deal still included five films, so that is one more film after "The Avengers."