Disney’s ‘Iron Man 3’ also a boon for Paramount
Paramount Pictures will be getting a payday for “Iron Man 3” -- a film released by its crosstown rival Disney.
The Walt Disney Co.‘s Robert Downey Jr. action sequel has already sold $794 million of tickets worldwide -- a massive success for the Burbank company.
But Paramount, which had no involvement in the making of the Marvel Studios-produced superhero movie, could wind up receiving more than $100 million from the box office pie.
The financial deal stems from an October 2010 agreement between Disney and Paramount, which had previously distributed Marvel movies, including the first two “Iron Man” pictures.
-- Daniel Miller, Los Angeles Times