Stan Lee to sue Marvel

strange_one · 11-08-2002, 01:16 AM

from newsarama.com:

Marvel Comics might find itself on the opposite side of a courtroom with its own “father” - publisher Stan Lee - if the company doesn’t pay him 10% of company profits earned from movies and television shows - including ancillary rights - that use the company's characters.
According to the Form 10-Q filed Wednesday with the Securities and Exchange Commission, Marvel Enterprises reports it has received a written claim from Lee "asserting the threat of litigation" against them if it doesn't pay him the 10% of profits, citing a provision in an employment agreement he signed with Marvel Enterprises on Nov. 1, 1998.

Marvel has indicated Lee’s claim is without merit, that it pays him an annual salary of $1 million dollars and that it intends to “vigorously defend such action”.

Fattening Ass · 11-08-2002, 04:46 AM

Quote:

Originally posted by strange_one
from newsarama.com:

Marvel Comics might find itself on the opposite side of a courtroom with its own “father” - publisher Stan Lee - if the company doesn’t pay him 10% of company profits earned from movies and television shows - including ancillary rights - that use the company's characters.
According to the Form 10-Q filed Wednesday with the Securities and Exchange Commission, Marvel Enterprises reports it has received a written claim from Lee "asserting the threat of litigation" against them if it doesn't pay him the 10% of profits, citing a provision in an employment agreement he signed with Marvel Enterprises on Nov. 1, 1998.

Marvel has indicated Lee’s claim is without merit, that it pays him an annual salary of $1 million dollars and that it intends to “vigorously defend such action”.

Marvel signed a contract. i hope Stan wins if he goes to court.

sarmatianus · 11-08-2002, 04:52 AM

Marvel: "Did we break it?...Or did we make it a better contract???"

11-08-2002, 05:08 AM

Stan's contract probably says 10% when they were makin nothin a few years back, but after Spidey & X-Men hit, when you count up all those movie dollars, he's probably due to a heck of alot more than 1 mill.

greedy? probably. but a contract's a contract.

Best Looking Boy · 11-08-2002, 05:45 AM

I don't think he's being greedy, a million bucks is pretty skimpy for what they owe him over their recent success and all.

Smiley33 · 11-08-2002, 01:43 PM

Quote:

Originally posted by Best Looking Boy
I don't think he's being greedy, a million bucks is pretty skimpy for what they owe him over their recent success and all.

The question is, DOES HE SHOOT WEBS FROM HIS HANDS?!?!?

Cretin Soup · 11-08-2002, 05:11 PM

Like the avatar Smiley33

Smiley33 · 11-08-2002, 05:14 PM

Quote:

Originally posted by Cretin Soup
Like the avatar Smiley33

OMG IT'S SHARKIE!!!!!

Thanks

When I played FF7, I named Cloud "Sharkie." Tifa was "1*** Dood."

THE CENSORED PART IS: ONE PLUS ONE.

MisterSquishyHalo · 11-08-2002, 05:54 PM

Stan Lee=Marvel.

wangcomputers · 11-13-2002, 02:12 PM

stanley should get back with hardy

patrick · 11-13-2002, 02:47 PM

Quote:

Originally posted by wangcomputers
stanley should get back with hardy

the lameness of this counteracts the lameness of my metamorphisis joke a while back

we're now officially even >:|

wangcomputers · 11-13-2002, 03:20 PM

11-08-2002, 01:16 AM	#1
strange_one No Chance Location: Here Posts: 13,788	Stan Lee to sue Marvel from newsarama.com: Marvel Comics might find itself on the opposite side of a courtroom with its own “father” - publisher Stan Lee - if the company doesn’t pay him 10% of company profits earned from movies and television shows - including ancillary rights - that use the company's characters. According to the Form 10-Q filed Wednesday with the Securities and Exchange Commission, Marvel Enterprises reports it has received a written claim from Lee "asserting the threat of litigation" against them if it doesn't pay him the 10% of profits, citing a provision in an employment agreement he signed with Marvel Enterprises on Nov. 1, 1998. Marvel has indicated Lee’s claim is without merit, that it pays him an annual salary of $1 million dollars and that it intends to “vigorously defend such action”.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

11-08-2002, 04:52 AM	#3
sarmatianus Apocalyptic Poster Location: Charm City Posts: 1,033	Marvel: "Did we break it?...Or did we make it a better contract???"

11-08-2002, 05:08 AM	#4
Ugly Posts: n/a	Stan's contract probably says 10% when they were makin nothin a few years back, but after Spidey & X-Men hit, when you count up all those movie dollars, he's probably due to a heck of alot more than 1 mill. greedy? probably. but a contract's a contract.

11-08-2002, 05:45 AM	#5
Best Looking Boy Apocalyptic Poster Location: Austin, TX Posts: 3,414	I don't think he's being greedy, a million bucks is pretty skimpy for what they owe him over their recent success and all.

11-08-2002, 05:11 PM	#7
Cretin Soup Demi-God Location: Wales Posts: 384	Like the avatar Smiley33

11-08-2002, 05:54 PM	#9
MisterSquishyHalo Apocalyptic Poster Location: seattle, wa, usa Posts: 3,964	Stan Lee=Marvel.

11-13-2002, 02:12 PM	#10
wangcomputers Apocalyptic Poster Location: UK Posts: 4,058	stanley should get back with hardy

11-13-2002, 03:20 PM	#12
wangcomputers Apocalyptic Poster Location: UK Posts: 4,058	.