CRAVE Online



Funding Initiated for Iron Man Movie
Source: Marvel Entertainment, Inc.
February 27, 2007

Marvel Entertainment, Inc. released the following announcement about the funding for its first self-produced feature film, Iron Man:

Marvel Entertainment, Inc. announced today that it has satisfied all funding requirements under the Company's previously announced $525 million non-recourse credit facility and has begun borrowing from the facility to finance its first self-produced and financed feature film, Iron Man. Additionally, Marvel has finalized distribution deals for Iron Man and The Incredible Hulk in the international territories for which it controls distribution rights. Paramount Pictures will distribute Iron Man and Universal Pictures will distribute The Incredible Hulk in North America and all other international territories. Iron Man is scheduled to be released May 2, 2008, kicking off the Summer 2008 movie season with The Incredible Hulk scheduled to follow in June of 2008.

Produced by Marvel Studios, Iron Man features a star-studded cast headed by Oscar® nominee Robert Downey Jr. as Tony Stark/Iron Man, Oscar® nominee Terrance Howard as Jim "Rhodey" Rhodes, Oscar® winner Gwyneth Paltrow as Virginia "Pepper" Potts and Oscar® nominee Jeff Bridges, who will play a close business associate of Tony Stark. The film tells the story of Tony Stark, a billionaire industrialist and genius inventor who is kidnapped and forced to build a devastating weapon. Instead, using his intelligence and ingenuity, Tony builds a high-tech suit of armor and escapes captivity. When he uncovers a nefarious plot with global implications, he dons his powerful armor and vows to protect the world as Iron Man. The film is being directed by Jon Favreau, and principal photography will begin in Los Angeles on March 12.

On the distribution side, Marvel Studios has secured agreements with top international distributors for Iron Man and The Incredible Hulk. Sony Pictures has acquired the distribution rights for these films in Japan and Spain, while top independents SND/M6 and Tele Muenchen have signed on for France and Germany, respectively. Paramount Pictures has picked up Australia/New Zealand for these films and the next film distributed by Paramount under its overall film slate agreement with Marvel. As previously announced, Paramount will distribute Iron Man and Universal Studios will distribute The Incredible Hulk in North America and in all other international territories.

MVL Film Finance LLC, a special purpose, bankruptcy-remote indirect subsidiary of Marvel is the borrower under the facility. The borrowings are non-recourse to Marvel Entertainment and its other affiliates.

Email Story to a Friend | Discuss on the Boards

Latest Headlines:
Bernie Mac Talks Transformers
Terrence Howard on Iron Man
New Spider-Man 3 Art!
Fantastic Four 2 Set Footage & Story Comments
Iron Man Set Pics and Howard on Rhodey
Heroes Season 2 Will be Volume 2
Transformers' LaBeouf Gets ShoWest Honor
New Spider-Man 3 Trailer with 300!
More Spider-Man 3 Toys
The Amazing Spider-Man Coming to Kids' WB
The Spider-Man 3/Heroes Press Release
300 BTS Clip and TMNT TV Spots
Exclusive: Stan "The Man" Lee!!
Epps on Alien vs. Predator 2
Spider-Man 3 Sneak Peek on Heroes!
Funding Initiated for Iron Man Movie
300 Video Journal #12
Fantastic Four 2 TV Spot & Teaser Poster!

SUPERHERO HYPE! SECTIONS: Main | Heroes | Boards | SHH-Media | Features | News | Fan Reviews | Contact Us | News Feeds | Advertise | Privacy Statement | Copyright Statement |

Hosted by

Part of the Crave Network
© 1998 - 2007 Coming Soon Media, L.P. All rights reserved. © 2004 - 2007 Crave Online Media, LLC. All rights reserved
Not in any way associated with Crave Entertainment, Inc.