Any thought on Stan Lee suing Marvel?

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Posted by Donnacha at 64.107.44.50 on November 08, 2002 at 09:30:48:

"Stan Lee Suing Marvel Comics?
Thursday, November 7, 2002 12:36 CST

Dow Jones Business News reported the following:

Marvel Enterprises Inc. (NYSE:MVL - News) might be sued by Chairman Emeritus Stan Lee if it doesn't pay him 10% of company profits earned from movies and television programs, including ancillary rights, that use the company's characters.

According to a Form 10-Q filed Wednesday with the Securities and Exchange Commission, Marvel Enterprises said it received a written claim for the profits from Lee and "the threat of litigation" against the company if it doesn't pay him the profits.

Lee said he believes the profits are owed to him under the employment agreement he signed with Marvel Enterprises on Nov. 1, 1998, the filing said.

The company said it's paying Lee an annual salary of $1 million, and it believes his claim is without merit.

Marvel Enterprises, New York, publishes comic books and makes toys based on Marvel Entertainment's more than 3,500 characters.
"

Thanks to DVDTalk for the heads-up on the story

Follow Ups:

Just one thought.... Chronically Blunt 10:40:08 11/08/02 (0)
I love Stan like a grandpa but this is just desser Darth Dobbin 10:30:39 11/08/02 (0)
It depends... happylizard 10:21:14 11/08/02 (0)
I dont even read comics and I think Rosie55 10:12:15 11/08/02 (4)
- As what? Tribute? Darth Dobbin 10:51:57 11/08/02 (3)
  - Does he not work at all anymore? nt Rosie55 10:56:38 11/08/02 (2)
    - He writes the newspaper Spider-Man strip Darth Dobbin 11:15:33 11/08/02 (1)
      - Well then.. Rosie55 11:20:08 11/08/02 (0)
Marvel Owes Stan Lee EVERYTHING The O~* in Phantoms 10:00:05 11/08/02 (2)
- Nope. Darth Dobbin 10:33:15 11/08/02 (1)
  - Not only that... Schroedingers Cat 14:04:02 11/08/02 (0)
Re: Any thought on Stan Lee suing Marvel? Captain Surly 09:40:31 11/08/02 (0)
Re: Any thought on Stan Lee suing Marvel? Gabe S. 09:38:40 11/08/02 (4)
- I think he has good reason... TheKidInTheHelmet 09:44:05 11/08/02 (3)
  - $1 million is a decent chunk of change.. Gabe S. 09:54:19 11/08/02 (2)
    - Not a question of change chunkiness TheOppositeOfAboveMe 10:07:50 11/08/02 (1)
      - You blocks. You stones. You worse than Darth Dobbin 11:13:45 11/08/02 (0)

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: "Stan Lee Suing Marvel Comics? : Thursday, November 7, 2002 12:36 CST : Dow Jones Business News reported the following: : Marvel Enterprises Inc. (NYSE:MVL - News) might be sued by Chairman Emeritus Stan Lee if it doesn't pay him 10% of company profits earned from movies and television programs, including ancillary rights, that use the company's characters. : According to a Form 10-Q filed Wednesday with the Securities and Exchange Commission, Marvel Enterprises said it received a written claim for the profits from Lee and "the threat of litigation" against the company if it doesn't pay him the profits. : Lee said he believes the profits are owed to him under the employment agreement he signed with Marvel Enterprises on Nov. 1, 1998, the filing said. : The company said it's paying Lee an annual salary of $1 million, and it believes his claim is without merit. : Marvel Enterprises, New York, publishes comic books and makes toys based on Marvel Entertainment's more than 3,500 characters. : "

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