Marvel reports strong Q3 thanks to Iron Man

Net sales for period up to $182.5 million, while net income hits $50.6 million.
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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.

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