Formerly called
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Subsidiary | |
Industry | Entertainment |
Predecessor |
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Founded | June 1998 |
Headquarters | New York City, New York, United States |
Area served
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United States, United Kingdom |
Key people
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Products | |
Services | Licensing |
Revenue | US$ 676.2 million (2008) |
US$ 205.5 million (2008) | |
Total assets | US$ 937.6 million (2008) |
Parent | The Walt Disney Company |
Divisions | |
Subsidiaries | |
Website | marvel |
Subsidiary then Public subsidiary (NYSE:MRV) | |
Industry | Entertainment |
Genre | Superhero |
Fate | bankrupt, merger |
Predecessor | Magazine Management |
Successor | Marvel Enterprises |
Defunct | June 1998 |
Products | Comics |
Services | Licensing |
Parent |
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Divisions |
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Subsidiaries |
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Website | marvel |
Marvel Entertainment, LLC (formerly Marvel Enterprises and Toy Biz, Inc. and marketed and stylized as MARVEL) is an American entertainment company founded in June 1998, merging Marvel Entertainment Group, Inc. and ToyBiz. The company is a wholly owned subsidiary of The Walt Disney Company, and is mainly known for its Marvel Comics, Marvel Animation and Marvel Television units. Marvel Studios, formerly under the Marvel umbrella, became a subsidiary of The Walt Disney Studios, where it develops and produces a shared universe that shares continuity with shows produced by the television unit.
In 2009, The Walt Disney Company acquired Marvel Entertainment for $4 billion; it has been a limited liability company (LLC) since then. For financial reporting purposes, Marvel is reported as primarily a part of Disney's Consumer Products segment.
Over the years, Marvel Entertainment has entered in several partnerships and negotiations with other companies across a variety of businesses. As of 2017[update], Marvel has film licensing agreements with 20th Century Fox and Columbia Pictures, and a theme park licensing agreement with Universal Parks & Resorts extant before Disney's acquisition. Aside from their contract with Universal, Marvel's characters and properties have also appeared at Walt Disney Parks and Resorts.