Without 'Iron Man,' Marvel's Profit Plunges

Marvel Entertainment, in the process of being acquired by Disney in a $4 billion deal, said on Tuesday that profits fell 60 percent during the third quarter – the result of a sharp decline in film and licensing revenue. Marvel’s third quarter earnings were $20.4 million, compared to $50.6 million during the same period in 2008. The company reported a $65 million slide in film revenues related to last year’s “Iron Man” and “The Incredible Hulk.” Nonetheless, the company said it still expects the Disney deal to close by year’s end... (link)