Judge Says Stan Lee Entitled to Profits

According to the Associated Press, a judge in Manhattan federal court has ruled that Stan Lee, chairman emeritus at Marvel, is entitled to 10 percent of the profits from movie and television productions involving Marvel characters, as well as movie-related toys manufactured and sold by the company itself.

It also determined that a claim to share profits from Marvel’s ventures with Sony Pictures Entertainment and Universal Studios to produce Spider-Man and Incredible Hulk merchandise will have to be resolved by jury verdict.

“This is pretty much a sweeping victory for us,” said Lee’s attorney Howard Graff of the firm Dickstein Shapiro Morin & Oshinsky of New York.

Marvel says that it will appeal the ruling and continue to contest the claims on which the court did not rule.

Source: Associated Press