1.19.2005

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Marvel Ordered to Pay Spider-Man Creator

from Reuters

NEW YORK - A federal judge has ordered Marvel Enterprises Inc. to pay the creator of the comic book character Spider-Man 10 percent of Marvel's profits from the Spider-Man movies, Marvel said on Wednesday.

Marvel, a comic book publisher that licenses its characters, said the U.S. District Court for the Southern District of New York ordered it to pay Spider-Man creator Stan Lee a share of proceeds it has received since November 1998 from movies, television shows, and movie-related toys manufactured by Marvel.

Spider-Man, released by Sony in 2002, was one of the top worldwide box office hits of all time.

Marvel said it would appeal the ruling.

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