Marvel Entertainment, Inc.
Marvel Entertainment, Inc. (Marvel) is one of the most prominent character-based entertainment companies in the world. The company along with its subsidiaries is engaged in licensing and commercialization of its characters, comic publications, and film production and distribution. It holds rights over the use of over 5,000 fictitious characters on world wide basis. Marvel has entered into various joint ventures and agreements to commercialize the characters through their use in theme parks, television shows, movies, apparel, interactive games, electronics and many more. The company under its group portfolio operates three directly held subsidiaries inclusive of one international subsidiary. Marvel is headquartered at New York City, the US.
In August 2009, Walt Disney Co. entered into an agreement to acquire Marvel Entertainment, Inc. for a consideration of four billion of stock and cash.The company reported revenues of (U.S. Dollars) USD 676.18 million during the fiscal year ended December 2008, an increase of 39.19% over 2007. The operating profit of the company was USD 346.51 million during the fiscal year 2008, an increase of 27.49% over 2007. The net profit of the company was USD 205.54 million during the fiscal year 2008, an increase of 47.00% over 2007.