Marvel Enters Into Distribution Agreement With Paramount

Paramount Pictures, a unit of Viacom, Inc. and Marvel Studios, a subsidiary of Marvel Entertainment, Inc. today announced an agreement under which Paramount will distribute Marvel's next five self-produced feature films on a worldwide basis. The deal, an extension of the original agreement made by Brad Grey when he arrived as CEO and Chairman of Paramount Pictures, includes theatrical distribution in foreign territories previously serviced by Marvel through local distribution entities (Japan, Germany, France, Spain and Australia/New Zealand). The distribution pact capitalizes on Marvel and Paramount's successful efforts with "Iron Man," which has grossed $574 million worldwide for Marvel. Head over to Enewsi.com to find out more.