Marvel, Lions Gate to Produce DVD Cartoons
Marvel Enterprises Inc. is teaming with Lions Gate Entertainment Corp. to enter the direct-to-DVD video cartoon market.
The comic book giant, whose 4,700-character library features such big names as Spider-Man and X-Men, said the agreement with Lions Gate covered eight original animated projects based on “certain characters within the Marvel universe.”
Financial terms were not disclosed, nor were the titles and characters involved, but production will begin immediately and the first DVD is to be released late next year.
Marvel shares rose 30 cents on the NYSE. Lions Gate shares rose 20 cents to $6.42 on the American Stock Exchange.
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