|Today's DrudgeReport.com Drudge's Special Reports Drudge on Twitter||Recent Headlines or Pictures Popular Headlines Time Line|
Support The DrudgeReport; Visit Our Advertisers
XXXXX DRUDGE REPORT XXXXX WED APRIL 16, 2003 18:04:38 ET XXXXX
SEALED PAPERS: MARVEL ASKS COURT TO REVOKE SONY'S 'SPIDERMAN' LICENSE
**Must Credit Drudge Report**
SONY may be on the verge of losing its SPIDERMAN blockbuster franchise, the DRUDGE REPORT can reveal, after MARVEL CHARACTERS INC. accuses the Japanese media giant of fraudulent inducement to make a contract and engaging in unfair competition.
Sealed court papers show MARVEL wants to revoke SONY's SPIDERMAN license, it has been learned.
Both sides are set to square off on Monday in Los Angeles Superior Court before Judge Alexander Williams III.
The first SPIDERMAN grossed $403,706,375. With a lucrative sequel pending, and a planned SPIDERMAN 3, the case has quickly become top draw on Litigate's Row.
MARVEL wants to revoke the SPIDERMAN license; MARVEL wants injunctive relief, and is asking the court to enjoin SONY from going forward with the SPIDERMAN license, insiders tell DRUDGE.
The loss of SPIDERMAN could affect all of SONY's future financial plans for its U.S. entertainment company.
MARVEL accuses SONY of literally kidnapping Spidey.
MARVEL is not upset about the way SONY made the movies; it's about the way SONY is handling the merchandising.
MARVEL retained merchandising rights but agreed to a joint venture for some of the SPIDERMAN merchandising, insiders say.
In sealed papers, MARVEL says SONY should not continue advertising SPIDERMAN as a SONY character and marketing him as such through a constellation of SONY consumer products.
SONY had courted MARVEL very aggressively to get the licensing rights and promised the merchandising joint venture would not interfere with the comic co's own merchandising.
MARVEL is accusing SONY of doing everything it can to disassociate SPIDERMAN and MARVEL in the minds of retailers.
MARVEL also feels SONY has wrongfully withheld several millions of dollars it is owed.
Filed By Matt Drudge
Reports are moved when circumstances warrant
http://www.drudgereportArchives.com for updates
(c)DRUDGE REPORT 2003
Not for reproduction without permission of the author
By design, duplicate headlines are now appearing in both the search and "Recent" sections.
This is because Matt changed the URL, but not the headline.
Matt Drudge does not own, operate or maintain DrudgeReportArchives.com. He is not responsible for it in any way.
Drudge's e-mail: email@example.com
Drudge's Book: Drudge Manifesto
Home | DMCA | Link Decay |