facebook
twitter
rss
account
search
search
 

Marvel and Sony drop 'Spider-Man' suits

June 2, 2004 at 1:35 PM   |   Comments

LOS ANGELES, June 2 (UPI) -- Marvel Enterprises and Sony Pictures ended their competing lawsuits by creating a joint U.S. company to manage "Spider-Man" movie tie-in products.

Marvel, Spidey's comic book home, and Sony, the action figure's movie home, agreed to drop their respective lawsuits and form Spider-Man Merchandising LP to share the profits generated by the superhero's film career, E! Online reported Wednesday.

Marvel, whose $50 million lawsuit filed last year claimed Sony stole the comic book character, issued a statement saying the dispute had been resolved amicably.

Sony, in turn, had sued Marvel, accusing the company of withholding licensing money on film-related products, the Web site said.

"Spider-Man 2," with Tobey Maguire and Kirsten Dunst opens June 30 in U.S. theaters.

© 2004 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Notable deaths of 2014 [PHOTOS]

Notable deaths of 2014 [PHOTOS]

Most Popular
1
Hayden Panettiere confirms pregnancy during ALS Ice Bucket Challenge
2
Sandra Bullock to star in 'Our Brand is Crisis'
3
Mariah Carey and Nick Cannon reportedly separated, will divorce
4
Mickey Rourke vital to 'Sin City: A Dame to Kill For,' says Frank Miller
5
'Real Housewives of Atlanta' adds two to cast
Trending News
Video
x
Feedback