Tuesday, June 01, 2004

Terms of the truce: Reuters has a little more information about last week's agreement between Sony Pictures and Marvel, settling Marvel's lawsuits over the handling of Spider-Man and Men In Black:

"Under the settlement, Marvel will take on new responsibilities with respect to the joint venture, which licenses merchandising rights for the Spider-Man movies. The deal is expected to increase Marvel's licensing revenues and operating expenses but the company said it is maintaining its 2004 operating income forecast."

Here's the official press release.