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Until the settlement, Lee, who is also Marvel’s chairman emeritus and gets $1 million in salary, had not received royalties.I’m not sure what kind of contract Lee had with Marvel. The creator of superheroes, which include the Incredible Hulk and Daredevil, sued in 2002 for payments related to the first “Spider-Man” movie.Films based on Lee’s characters have generated more than $2 billion in revenue in the last five years, according to Boxofficemojo.com, of which Marvel got at least $50 million. Lee’s attorney declined to comment on how much his client got in total. Image used courtesy of RandomBlackGamer/.The firm Thursday also said first-quarter profit fell 11% to $27.7 million after a $10-million cost to settle with Lee. Marvel may release a “Captain America” film as soon as 2007.It also features a mostly mixture of red and black for coloration and a design that is unique for a Spidey getup.
I’m glad to see Lee get a piece of this pie, though, given that none of it would exist without his creative vision.
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