Marvel Reports Q1 EPS of $0.58

by Jeff

Iron Man Launches with #1 Opening Weekend Domestic Box Office of $100.75 Million, the 2nd Best Non-Sequel Debut Ever, and Worldwide Box Office of $201 Million; Marvel Announces Feature Film Release Slate: Iron Man Sequel and Thor in Summer 2010 and Two Avenger-themed Movies in Summer 2011; Marvel will host a webcast today for all investors at 9:00 a.m. EST available at: www.Marvel.com/webcasts or www.earnings.com

NEW YORK–(BUSINESS WIRE)–Marvel Entertainment, Inc. (NYSE: MVL), a global character-based entertainment and licensing company, today reported operating results for its first quarter ended March 31, 2008. Marvel also announced the opening weekend box office performance of its debut Iron Man feature film, and unveiled its self-produced feature film slate through 2011. Iron Man debuted this weekend, generating an estimated domestic box office of $100.75 million for the three-day weekend. This performance represents the 10th best opening weekend ever and the 2nd best non-sequel feature film debut ever – second only to Spider-Man, also a Marvel character. On a worldwide basis, Iron Man has generated an estimated $201 million in global box office to date. In keeping with the Company’s increasing focus on entertainment and licensing opportunities, Marvel also announced it has substantially completed its exit from direct toy operations and consequently will no longer report the results of its remaining toy business as a separate reportable segment effective with Q1 2008.

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