Paramount makes 'Marvel'-ous pact

HOLLYWOOD, Sept. 29 (UPI) -- Hollywood's Paramount Pictures said Monday it has agreed to distribute Marvel Studios' next five self-produced feature films on a worldwide basis.

The deal, an extension of the original pact made by Brad Grey when he arrived as chief executive officer and chairman of Paramount Pictures, includes theatrical distribution in foreign territories previously serviced by Marvel through local distribution entities such as Japan, Germany, France, Spain and Australia/New Zealand.

The companies said the distribution pact capitalizes on Marvel and Paramount's successful efforts with "Iron Man," which has grossed $574 million worldwide for Marvel.

The live-action releases included in the agreement are "Iron Man 2," "Thor," "The First Avenger: Captain America," "The Avengers" and "Iron Man 3."

"Coming off of 'Iron Man's' incredible success this summer, we could not be more excited about extending our relationship with Marvel," Rob Moore, vice chairman of Paramount Pictures, said in a statement. "Marvel's iconic brand, its popular characters and its proven ability to create compelling and visually spellbinding films complement Paramount's great history of filmmaking. We look forward to a long and successful run together."

"Paramount is an excellent partner and an outstanding global distributor," said David Maisel, chairman of Marvel Studios. "Through our experience on 'Iron Man,' Paramount has demonstrated a passion and ability to release Marvel properties theatrically, allowing us to focus on making great movies for the largest audience possible."