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Paramount hands over Iron Man 3 and The Avengers to Disney

10.18.2010

The House of Mouse is consuming some more Marvel properties on this lovely Monday.

Walt Disney Pictures is dishing out $115 million to Paramount for the transfer of IRON MAN 3 and THE AVENGERS. Disney will get worldwide marketing and distribution rights to both films as a result of the transfer. Paramount will still remain the distributor for THOR and CAPTAIN AMERICA: THE FIRST AVENGER, both of which will release in 2011.

In a related note, IRON MAN 3 will release on May 3, 2013.

If you would like to read the full press release, check it out below:

"BURBANK, Calif., Oct 18, 2010-- The Walt Disney Studios, Paramount Pictures and Marvel Studios announced they have reached an agreement under which Paramount will transfer its worldwide marketing and distribution rights to Disney for Marvel Studios' The Avengers and Iron Man 3. Paramount will remain the worldwide distributor of the upcoming films, Thor and Captain America, as well as the previously released Iron Man and Iron Man 2.

"Under terms of the new deal, Disney will pay Paramount $115 million for the transfer of the distribution rights to Iron Man 3 and The Avengers to be paid on the theatrical release dates. These monies will serve as a minimum guarantee against the distribution fees."

"In completing this agreement, Disney will now assume worldwide marketing and distribution of The Avengers and Iron Man 3 and leverage these two highly-anticipated films across the multiple global platforms of The Walt Disney Company," said Rich Ross, Chairman of The Walt Disney Studios. "We appreciate the tremendous momentum that Paramount established with these iconic Marvel characters and look forward to propelling the brand even further in the coming years."

"Five years ago, when Paramount and Marvel made our initial deal, both our businesses were in very different places," said Brad Grey, Chairman & CEO of Paramount Pictures. "We are grateful for the partnership we have had with the terrific Marvel team over these years and proud of the work we have done together. Today, this new agreement is the right deal for Paramount, for Marvel and for Disney. We look forward to working together on Thor and Captain America, and we wish Disney and Marvel the utmost success, in what we know will be a very productive and wide-ranging partnership."

"Paramount has been a wonderful partner in helping Marvel Studios bring our characters to the big screen," said Alan Fine, Office of the President, Marvel Worldwide, Inc. "This agreement makes sense now that Marvel is part of The Walt Disney Company."

"Paramount will release Marvel Entertainment's Thor and Captain America worldwide beginning on May 6 and July 22 of 2011, respectively. The Avengers will be licensed to Epix under Paramount's existing pay television arrangement."

Extra Tidbit: I'm re-watching THE ADVENTURES OF PETE AND PETE and for some reason I thought "Endless Mike" was Sam Rockwell.
Source: Market Watch

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2:43PM on 10/19/2010
Well when you hand those projects over for almost nothing, its no wonder Disney is so friggin powerful. Piss poor move by Paramount.
Well when you hand those projects over for almost nothing, its no wonder Disney is so friggin powerful. Piss poor move by Paramount.
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11:38AM on 10/19/2010

Disney is either...

...God or the Devil because they have about as much power as both these days. Look around you...they own everything. ABC, ESPN, and Disney are all under the same umbrella right now. Was this Walt's plan from long ago and he now harkens from the grave? Get ready for something to be unleashed....oh by the way, this will begin to prove my theory about Marvel movies beginning to suck more than ever. And I love the damn things, but the quality is going down the shitter at a rapid rate.
...God or the Devil because they have about as much power as both these days. Look around you...they own everything. ABC, ESPN, and Disney are all under the same umbrella right now. Was this Walt's plan from long ago and he now harkens from the grave? Get ready for something to be unleashed....oh by the way, this will begin to prove my theory about Marvel movies beginning to suck more than ever. And I love the damn things, but the quality is going down the shitter at a rapid rate.
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11:26AM on 10/19/2010
Paramount has no balls. Disney is EVIL!!!!
Paramount has no balls. Disney is EVIL!!!!
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-2
10:57AM on 10/19/2010

that's cool and all but...

why isn't there an Iron Man roller coaster at Disney World yet?

or maybe Marvel Land in MGM Studios? something at the parks!... display some movie props... geeks and kids will love it
why isn't there an Iron Man roller coaster at Disney World yet?

or maybe Marvel Land in MGM Studios? something at the parks!... display some movie props... geeks and kids will love it
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11:06AM on 10/19/2010
Universal Studios, right next door to Disney World, actually has an entire Marvel themed section of the park, complete with 3D spider-man ride and Hulk coaster.

And it's awesome.
Universal Studios, right next door to Disney World, actually has an entire Marvel themed section of the park, complete with 3D spider-man ride and Hulk coaster.

And it's awesome.
8:47PM on 10/19/2010
Welllll Universal holds the rights to Marvel in their theme parks east of the Mississippi. Don't know how long that will be though.
Welllll Universal holds the rights to Marvel in their theme parks east of the Mississippi. Don't know how long that will be though.
8:57AM on 10/19/2010

Also

I agree, paramount did get robbed, that's way too low of a price..Iron Man and Avengers will go over 115 mill the first weekend of release! something else HAD to be in the deal. really bad move
I agree, paramount did get robbed, that's way too low of a price..Iron Man and Avengers will go over 115 mill the first weekend of release! something else HAD to be in the deal. really bad move
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12:44PM on 10/19/2010
how did they get robbed? one, distribution doesn't receive 100% of the box office, it is a percentage basis, and a minimal one at that, so those films grossing more than that opening weekend doesn't translate directly to whether it was a good deal.

and two, not sure how you missed it, but it states explicitly "minimum guarantee," which is standard practice in these matters. nobody knows exactly how much the movies are going to gross, so you forecast an amount, offer an MG based on that, and
how did they get robbed? one, distribution doesn't receive 100% of the box office, it is a percentage basis, and a minimal one at that, so those films grossing more than that opening weekend doesn't translate directly to whether it was a good deal.

and two, not sure how you missed it, but it states explicitly "minimum guarantee," which is standard practice in these matters. nobody knows exactly how much the movies are going to gross, so you forecast an amount, offer an MG based on that, and then if it exceeds you continue to pay a percentage based on the additional amount.

Paramount did not get robbed because you are ignorant of these simple practices.
2:54PM on 10/19/2010
wow really, is this ur best attempt at trolling? I'm assuming you are unless you are really pretentious (both of which is a bad thing)
my point was is that Iron Man is arguably the second best marvel movie out there currently, and as for Avengers, it has the potential to possibly surpass (not for certain, but lets keep hope) and to let BOTH go for only 115 mill is just mind numbing to me, they were undersold imo..no one was talking about box office money, I'm talking about being
wow really, is this ur best attempt at trolling? I'm assuming you are unless you are really pretentious (both of which is a bad thing)
my point was is that Iron Man is arguably the second best marvel movie out there currently, and as for Avengers, it has the potential to possibly surpass (not for certain, but lets keep hope) and to let BOTH go for only 115 mill is just mind numbing to me, they were undersold imo..no one was talking about box office money, I'm talking about being undersold.
(and srsly, u think they won't make that much money? dude, It's Iron Man and Avengers, they will make that money, movies like that always do). all this is my opinion, and if i had any say, i would ask for more. don't like my opinion? then i don't really care. Now do I know a lot about the deal? no not a lot I'm not afraid to admit to my limited knowledge about the whole thing nor anything else, because none of us are perfect, i personally feel they were undersold. can my opinion sway? yeah it can but for now i think what i think until I learn more, which honestly i dont really care about diving into so much. but ignorant? nnnaaahh i don't think so. also giving a smug and pretentious response doesn't really make you come off any more knowledgeable than I. for all I know, all of this you wrote is just completly full of shit. next time, if u truly know about something (and know what the person is actually refering to, srsly, i could not give a rats ass where the box office money goes) educate that person rather than berate them, makes you more believable..Oh damn, were u expecting an outburst? nah, not over prideful
8:51AM on 10/19/2010

@night owl

really dude? do you really believe they would do that or are u just talking out of your ass? miley cyrus? jonas brothers? you're being over dramatic chill.
really dude? do you really believe they would do that or are u just talking out of your ass? miley cyrus? jonas brothers? you're being over dramatic chill.
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7:11PM on 10/19/2010
I'm not saying them specificly their just the examples available at the moment but just wait and see. Disney manufactures tween stars and these movies are geared toward that audience. It's only a matter of time before they say "We need to cast some new mutants for the next X-MEN movie and guess where their gonna look first? I really hope they leave MARVEL alone and let them do their thing like PIXAR and we get some decent movies out of it but I can't help but think were gonna get movies like
I'm not saying them specificly their just the examples available at the moment but just wait and see. Disney manufactures tween stars and these movies are geared toward that audience. It's only a matter of time before they say "We need to cast some new mutants for the next X-MEN movie and guess where their gonna look first? I really hope they leave MARVEL alone and let them do their thing like PIXAR and we get some decent movies out of it but I can't help but think were gonna get movies like SKY HIGH or ZOOM with MARVEL characters in them instead of just generic fill ins.
8:49AM on 10/19/2010

It is going to be sooo weird

seeing the disney studio logo before the movie starts.
seeing the disney studio logo before the movie starts.
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8:07AM on 10/19/2010

M...I...C...K..E...Y...MOUSE

Yes,let's allow Disney to monopolize all things MARVEL.I am glad no one see anything wrong with this picture!
Yes,let's allow Disney to monopolize all things MARVEL.I am glad no one see anything wrong with this picture!
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8:50PM on 10/19/2010
They own Marvel so yeah they should monopolize it. How would you like to own something that everyone else made money off of and you only receive a small portion of the profit.
They own Marvel so yeah they should monopolize it. How would you like to own something that everyone else made money off of and you only receive a small portion of the profit.
7:20AM on 10/19/2010
to bad... I was hoping for one huge DVD/BR box with extended cuts of all Marvel Studios movies after the Avengers DVD/BR release, but now, I guess it'll never be...
to bad... I was hoping for one huge DVD/BR box with extended cuts of all Marvel Studios movies after the Avengers DVD/BR release, but now, I guess it'll never be...
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11:55PM on 10/18/2010

If this means Pixar's Brain Trust is

vetting the script, then I'm all for it.
vetting the script, then I'm all for it.
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+6
9:54PM on 10/18/2010
Sooo are the same people that are knocking Disney's Marvel buyout the same people that are going to be waiting in line for 3 days to see Tron?
Sooo are the same people that are knocking Disney's Marvel buyout the same people that are going to be waiting in line for 3 days to see Tron?
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11:55PM on 10/18/2010
haha.Good point. I bet you are right.
haha.Good point. I bet you are right.
+2
9:44PM on 10/18/2010
Sucks for Paramount, but the Marvel/Disney deal's been done for a while now, and I have yet to see the House of Mouse mucking around with the creative side of things.
Sucks for Paramount, but the Marvel/Disney deal's been done for a while now, and I have yet to see the House of Mouse mucking around with the creative side of things.
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9:28PM on 10/18/2010
Hopefully Iron Man 3 brings in Mandrain.
Hopefully Iron Man 3 brings in Mandrain.
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+12
8:33PM on 10/18/2010
I'm really surprised at how dumb people are to think that Disney is going to ruin the movies. Have you seen the Pirates movies? They are just as edgy and based directly off of a Disney attraction.
I'm really surprised at how dumb people are to think that Disney is going to ruin the movies. Have you seen the Pirates movies? They are just as edgy and based directly off of a Disney attraction.
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10:39PM on 10/18/2010
Dude, other than the first Pirates, those movies sucked. People have a right to worry. Granted most Marvel movies have sucked too so whatever.
Dude, other than the first Pirates, those movies sucked. People have a right to worry. Granted most Marvel movies have sucked too so whatever.
11:53PM on 10/18/2010
I'm not talking about how good they were, I'm talking about how people are worried that their Marvel movies will turn into Super Friends and not have any edge to them. Pirates has been just as crude and violent if not more, as Marvel's biggest successes so far.
I'm not talking about how good they were, I'm talking about how people are worried that their Marvel movies will turn into Super Friends and not have any edge to them. Pirates has been just as crude and violent if not more, as Marvel's biggest successes so far.
1:13AM on 10/19/2010
Just wait till Miley Cyrus and the Jonas Brothers start getting cast in these movies to relate to that lucrative tween audience Disney caters too.
Just wait till Miley Cyrus and the Jonas Brothers start getting cast in these movies to relate to that lucrative tween audience Disney caters too.
1:55AM on 10/19/2010
I honestly hope you don't actually believe that. Look at Tron Legacy and Pirates 4. I don't see any of the tween idols in there do you? Disney caters to more than just the tween crowd. They were also the distributing company for Pulp Fiction and Kill Bill.
I honestly hope you don't actually believe that. Look at Tron Legacy and Pirates 4. I don't see any of the tween idols in there do you? Disney caters to more than just the tween crowd. They were also the distributing company for Pulp Fiction and Kill Bill.
8:17PM on 10/18/2010

Extra Tidbit

I've been waiting for the right moment to post this quality music... Thank you Niki for giving me the opportunity to do so :) Cheers[link]
I've been waiting for the right moment to post this quality music... Thank you Niki for giving me the opportunity to do so :) Cheers[link]
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8:21PM on 10/18/2010
Oh man! Looks like the link won't come up on the post.... :( it was the video of Hey Sandy by Polaris!
Oh man! Looks like the link won't come up on the post.... :( it was the video of Hey Sandy by Polaris!
-26
7:04PM on 10/18/2010

good to know

that all my favorite superheroes will grow vaginas by years end
that all my favorite superheroes will grow vaginas by years end
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8:26PM on 10/18/2010
Right, 'cause Disney's never owned companies that were behind manly things... like, I dunno, Pulp Fiction?
Right, 'cause Disney's never owned companies that were behind manly things... like, I dunno, Pulp Fiction?
6:55PM on 10/18/2010
I was never a fan of the Marvel Disney merger and it seems like Paramount has some gun to their head. 115 million is not enough to say bye bye to the bilion dollar cash cow that is the Avengers, also instead of getting the cool Paramount logo in front of Avengers were going to get that stupid Disney castle. I am officially a DC guy now.
I was never a fan of the Marvel Disney merger and it seems like Paramount has some gun to their head. 115 million is not enough to say bye bye to the bilion dollar cash cow that is the Avengers, also instead of getting the cool Paramount logo in front of Avengers were going to get that stupid Disney castle. I am officially a DC guy now.
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8:36PM on 10/18/2010
DC was always better anyways but who gives a shit if it says Disney before the movie?
DC was always better anyways but who gives a shit if it says Disney before the movie?
6:34PM on 10/18/2010
I can see A LOT of advertising coming out for Avengers and Iron man 3 since it is Disney. Though I am not sure if that is necessarily a good or bad thing.
I can see A LOT of advertising coming out for Avengers and Iron man 3 since it is Disney. Though I am not sure if that is necessarily a good or bad thing.
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6:32PM on 10/18/2010

Only $115 million?

This is a good deal for Disney, because after this movie year they really need some money-makers...but still wondering why Paramount sold the rights for franchises they build up?
This is a good deal for Disney, because after this movie year they really need some money-makers...but still wondering why Paramount sold the rights for franchises they build up?
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6:32PM on 10/18/2010

IT WAS GONNA HAPPEN SOONER OR LATER...

and Disney wants in on that AVENGERS action. I really hope Disney just cashes the checks and leaves MARVEL alone to do their thing but I don't like the look of Mickey pushing around that MARVEL logo.
and Disney wants in on that AVENGERS action. I really hope Disney just cashes the checks and leaves MARVEL alone to do their thing but I don't like the look of Mickey pushing around that MARVEL logo.
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12:13AM on 10/19/2010
Maybe they'll put in Touchstone's hands, they're practically the same.
Maybe they'll put in Touchstone's hands, they're practically the same.
6:13PM on 10/18/2010

Extra tidbit:

Triple post. WTF!?
Triple post. WTF!?
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6:10PM on 10/18/2010

Paramount just got Robbed.

You're telling me that they bought the rights for Iron Man 3 and the Avengers for only 115 Million?! The Avengers will make more than that on opening weekend! And they're still distributing Captain America and Thor. It's like all that build up was for nothing. Bad move by Paramount, please tell me if I'm wrong.
You're telling me that they bought the rights for Iron Man 3 and the Avengers for only 115 Million?! The Avengers will make more than that on opening weekend! And they're still distributing Captain America and Thor. It's like all that build up was for nothing. Bad move by Paramount, please tell me if I'm wrong.
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6:07PM on 10/18/2010

Extra tidbit:

Double post.
Double post.
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6:03PM on 10/18/2010
Now I have a feeling Orlando Bloom will play The Mandarin.
Now I have a feeling Orlando Bloom will play The Mandarin.
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+3
5:58PM on 10/18/2010
I don't really think this is a bad thing, The Pirates movies are kind of tonally similar to the Iron Man movies, in terms of action, humor, etc, so I don't think Disney would dull any of Iron Man's edges. Only thing that's weird is that doesn't $115 million seem like chump change for Paramount to had over a franchise that's made over a billion worldwide?
I don't really think this is a bad thing, The Pirates movies are kind of tonally similar to the Iron Man movies, in terms of action, humor, etc, so I don't think Disney would dull any of Iron Man's edges. Only thing that's weird is that doesn't $115 million seem like chump change for Paramount to had over a franchise that's made over a billion worldwide?
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5:57PM on 10/18/2010

Extra tidbit:

The Adventures of Pete and Pete was my favorite show when I was a kid. Artie, the Strongest Man in the World FTW!
The Adventures of Pete and Pete was my favorite show when I was a kid. Artie, the Strongest Man in the World FTW!
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5:46PM on 10/18/2010
I think Iron Man 2 was overall the better film out of the two. I used to think that Iron Man was better, but after watching Iron Man 2 again for a thrid time, I think the sequel is the better film. Sam Rockwell practically stole the movie.
I think Iron Man 2 was overall the better film out of the two. I used to think that Iron Man was better, but after watching Iron Man 2 again for a thrid time, I think the sequel is the better film. Sam Rockwell practically stole the movie.
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6:30PM on 10/18/2010
Most people only watch each movie once so only first impressions count. Watching again allows you to appreciate certain scenes in isolation but the scenes didn't fit together as well as Iron Man did. Iron Man was just better storytelling. Riddle me this: how did Nick Fury know that the solution to Tony's problems would be found in his father's records? And how did Tony's father know how to fix the suit that Tony invented years after his father died? It didn't make sense.
Most people only watch each movie once so only first impressions count. Watching again allows you to appreciate certain scenes in isolation but the scenes didn't fit together as well as Iron Man did. Iron Man was just better storytelling. Riddle me this: how did Nick Fury know that the solution to Tony's problems would be found in his father's records? And how did Tony's father know how to fix the suit that Tony invented years after his father died? It didn't make sense.
6:42PM on 10/18/2010
i agree with you, and in response to martin phipps, i saw both movies 17 times.
i agree with you, and in response to martin phipps, i saw both movies 17 times.
12:10AM on 10/19/2010
Rockwell was good, but nether he nor Roarke were in here enough to pose themselves as a threat. It was Tony's show yet again. Cheadle was great. But other than that, the score underwhelmed, there were too many plot holes and some of those deleted scenes could have worked. Oh well, here's to the Avengers and Disney, may they get back Spidey & the X-Men.
Rockwell was good, but nether he nor Roarke were in here enough to pose themselves as a threat. It was Tony's show yet again. Cheadle was great. But other than that, the score underwhelmed, there were too many plot holes and some of those deleted scenes could have worked. Oh well, here's to the Avengers and Disney, may they get back Spidey & the X-Men.
5:37PM on 10/18/2010
You knew it'd happen sooner or later. I'm on the fence. I think it could be okay as long as ALL they're doing is distributing and let Marvel handle the rest. If they get creative control and try to tone it down more than it already is we may have a problem.
You knew it'd happen sooner or later. I'm on the fence. I think it could be okay as long as ALL they're doing is distributing and let Marvel handle the rest. If they get creative control and try to tone it down more than it already is we may have a problem.
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5:28PM on 10/18/2010
If this means an Iron Man ride at Disneyland then you can count me in.
If this means an Iron Man ride at Disneyland then you can count me in.
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6:00PM on 10/18/2010
your optimism is refreshing
your optimism is refreshing
-3
5:28PM on 10/18/2010

This does not bode well.

I know I said I would give Disney a chance, but this is too soon in my opinion. Paramount should have distributed The Avengers first so it seems more cohesive. Then again I don't know how far along production is yet. We'll see, but I have a bad feeling about this.
I know I said I would give Disney a chance, but this is too soon in my opinion. Paramount should have distributed The Avengers first so it seems more cohesive. Then again I don't know how far along production is yet. We'll see, but I have a bad feeling about this.
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5:26PM on 10/18/2010
Is this supposed to be bad or good? somebody tell me please..
Is this supposed to be bad or good? somebody tell me please..
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5:21PM on 10/18/2010

Hmmmm...

This is all very interesting. More and more movies and properties and characters seem to be going in that "corporate" direction. The globalized, entertainmentized economy. We should just say goodbye to any semblance of creativity or entrepreneurial spirit in the movie business. Could Disney's staggeringly global and commercial reach have an impact on a movie's bottom line? Yes, of course. Just look at Toy Story 3. Disney just needs to stop. Soon, they'll own everything.
This is all very interesting. More and more movies and properties and characters seem to be going in that "corporate" direction. The globalized, entertainmentized economy. We should just say goodbye to any semblance of creativity or entrepreneurial spirit in the movie business. Could Disney's staggeringly global and commercial reach have an impact on a movie's bottom line? Yes, of course. Just look at Toy Story 3. Disney just needs to stop. Soon, they'll own everything.
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6:32PM on 10/18/2010
Nah. That won't happen until after Disney merges with AOL Time Warner.
Nah. That won't happen until after Disney merges with AOL Time Warner.
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