Posted by happylizard at proxy-w.ccra-adrc.gc.ca on November 08, 2002 at 10:21:14:
In Reply to: Any thought on Stan Lee suing Marvel? posted by Donnacha on November 08, 2002 at 09:30:48:
...on the 1 million dollar agreement. Did he accept this as a flat fee or something? I'd have to see the contract. Being form Ottawa, all I can think of is that damn Alexei Yashin (the Islanders can HAVE him) backing out on his contracts and holding out for more money. If you sign an agreement that proves to be less that profitable down the road YOU'RE SCREWED! Wait until the contract expires and demand a much better deal then. It is unreasonable to expect to renegotiate a contract that was signed and agreed upon in the past. I hate to think of the "Daddy" of so many of my favorite comic book characters being ripped off, but it is hard to sympathize with someone who is making that kind of coin (and, I'm sure The Man makes OTHER money from other ventures on top of that) when I make only $30,000.00 (CANADIAN) a year! Like Mrs. Happy Lizard always says "Aw, go dry your tears on thousand dollar bills!". Sorry Stan, I love you, but if you signed it, then you should abide by it. Rant over. Let the flames begin.
: "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.
: "