Posted by Gabe S. at netcache-2003.public.lawson.webtv.net on November 08, 2002 at 09:38:40:
In Reply to: Any thought on Stan Lee suing Marvel? posted by Donnacha 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.
: "
I think he's within is rights. As 'fanboy-ish' as it's going to sound, it reminds me of JSBSB. They're using HIS characters making millions and millions of dollars off of them via cartoons, movies, action figures, etc. What do you think Donnacha?