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Marvel Sues Sony By Brian Jacks
Marvel Enterprises has filed suit against Sony Pictures over a licensing agreement pertaining to last year's hit Spider-Man movie.
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Because the case is under seal, precise details regarding why the suit was filed are not known.
In a press release, Marvel stated, "The complaint is not an attempt to stop production of the Spider-Man sequel slated for May 2004 nor is it an attempt to change or upset any of the merchandising/licensing deals that are in place for the sequel. Additionally, while the litigation is not expected to have any material negative impact on Marvel's financial results or on its guidance for 2003 and beyond, a successful resolution of the matter would be anticipated to have a positive financial effect upon Marvel's future operations. Given confidentiality requirements related to the agreement, Marvel is unable to comment further on the matter."