Marvel Studios and WGA Sign Interim Agreement!

Marvel Studios, a subsidiary of Marvel Entertainment, Inc., and the Writers Guild of America (WGA) announced today that they have reached an interim comprehensive agreement that will put writers immediately back to work on the Marvel Studios development slate. Terms of the agreement were not disclosed.

“We’re very excited about our summer releases, ‘Iron Man’ and ‘The Incredible Hulk,’ and look forward to resuming work with writers on our future projects including ‘Captain America,’ ‘Thor,’ ‘Ant-Man,’ and ‘The Avengers,’” said Marvel Studios Chairman David Maisel.

“Marvel Studios’ signing of an interim agreement with the Writers Guild is more good news for our membership,” said WGAE President Michael Winship and WGAW President Patric M. Verrone. “Marvel is committed to fairly compensating their writers and now they can move forward with their planned production schedule.”

Marvel Studios recently launched its independent live-action film studio to develop, produce, and fully finance Marvel movies, which will include two of this summer’s most anticipated releases – Iron Man and The Incredible Hulk. Directed by Jon Favreau, Iron Man will be released by Paramount Pictures on May 2, 2008, and stars Robert Downey Jr., Terrence Howard, Jeff Bridges and Gwyneth Paltrow. The Incredible Hulk, which will be released by Universal Pictures on June 13, 2008, is directed by Louis Leterrier and stars Edward Norton, Liv Tyler, Tim Roth, and William Hurt.

In cooperation with other studios, Marvel previously produced a long succession of hits, including the “Spider-Man,” “X-Men,” and “Fantastic Four” franchises, Ghost Rider, and Daredevil.

The WGA recently entered into interim agreements with The Weinstein Company, United Artists, Lionsgate, Worldwide Pants, Spyglass Entertainment, MRC, Jackson Bites, Mandate Films, and Sidney Kimmel Entertainment.

Source: Marvel Studios, WGA