Marvel reports strong Q3 thanks to Iron Man
Marvel Entertainment has reported increased net sales for its third quarter, thanks to earlier than expected recognition of $60 million in film revenues associated with the box office performance of Iron Man.
However, despite this good news, licensing segment net sales declined to $58.1 million in Q3 compared to $82.2 million in Q3 2007, reflecting the decreases from Spider-man LP, Marvel's Spider-man feature film merchandising joint venture and $16.8 million in the 2007 period from unusually high audit settlements recorded predominantly in studio licensing.
To read the full story on our sister site, licensing.biz, click here.