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Marvel Releases Q1 2007 Results

Marvel Entertainment released their 1st Quarter 2007 results and saw an increase in income from this time last year. Marvel’s net sales rose to $151.4 million and net income rose to $46.8 million, compared to the $90.1 million and $17.5 million respective profits from the 1st Quarter of 2006.

Marvel attributes a large part of the profits to the recent release of Spider-Man 3 as well as the final two issues of Marvel Comics’ on-going Civil War storyline.

The company also details future projects that are already underway or about to start, including video games based on several Marvel stars such as Captain America and Iron Man, a Marvel-themed amusement park in Dubai, a Spider-Man Broadway musical (featuring music from Bono and The Edge from U2), and a pair of upcoming films based on The Incredible Hulk and Iron Man.

The company also has several animated projects in the works, including new episodes of Fantastic Four: World’s Greatest Heroes, which debuted in September 2006 on Cartoon Network and will return this June, a Spider-Man series set to debut on Kids’ WB! this fall, and upcoming projects Wolverine and the X-Men, Iron Man, Doctor Strange, and Teen Avengers, all of which are scheduled to be aired or released this year.

To see a more detailed report, check the press release here .

Source: BusinessWire

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