Marvel Entertainment Profit Drops 60%

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Marvel Entertainment Profit Drops 60%

Source:Marvel Entertainment

November 3, 2009

Marvel Entertainment has reported its 3rd Quarter results which show a 60% drop in earnings on lower film revenue, though 2010 is looking healthier for the company.

Marvel's Chairman, Morton Handel, commented, "Despite the absence of any Marvel Studios feature film releases in 2009, Marvel continued to deliver solid operating performance across all our operating segments. Anticipation for the high profile 'Iron Man 2' feature film continues to build, and we are focusing our efforts on the film's May 2010 release and the related licensing opportunities. At the same time, we are making solid progress on the development and pre-production of our 'Thor,' 'The First Avenger: Captain America' and 'The Avengers' feature film projects."

You can read the full report here.

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