Disney Buys Paramount's Rights to Marvel Films
Disney is mopping up the last few odds and ends of Marvel that it doesn't yet own.
Four years after signing its $4 billion deal to acquire the comic book-cum-comic book movie producer, The Walt Disney Company announced Tuesday that it has inked a follow-on agreement among its Studios division, Marvel Studios subsidiary, and Paramount Pictures, to buy the latter's distribution rights to several Marvel Studios films.
Specifically, on June 30, Disney bought rights to Iron Man, Iron Man 2, Thor, and Captain America: The First Avenger, paying an unspecified sum for the rights. Disney already owned the rights to Marvel's The Avengers and Marvel's Iron Man 3, having bought those from Paramount in 2010.
Paramount's existing distribution commitments remain in force. Future distribution rights now pass to Disney.
The article Disney Buys Paramount's Rights to Marvel Films originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Walt Disney. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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