October 19, 2010 at 13:18:02 Oct 19, 2010 @ 13:18
Originally posted by Inactive UserThe Walt Disney Studios, Paramount Pictures and Marvel Studios announced they have reached an agreement under which Paramount will transfer its worldwide marketing and distribution rights to Disney for Marvel Studios' The Avengers and Iron Man 3. Paramount will remain the worldwide distributor of the upcoming films, Thor and Captain America: The First Avenger, as well as the previously released Iron Man and Iron Man 2.
Under terms of the new deal, Disney will pay Paramount $115 million for the transfer of the distribution rights to Iron Man 3 and The Avengers to be paid on the theatrical release dates. These monies will serve as a minimum guarantee against the distribution fees.
Paramount will release Marvel Entertainment's Thor and Captain America: The First Avenger worldwide beginning on May 6 and July 22 of 2011, respectively. The Avengers will be licensed to Epix under Paramount's existing pay television arrangement.
Disney is planning a May 3, 2013 release date for Iron Man 3