Writers Guild of America and Marvel Studios announce interim agreement

LOS ANGELES, CA – Marvel Studios, a subsidiary of Marvel Entertainment, Inc., and the Writers Guild of America (WGA) announced today that they have reached an interim comprehensive agreement that will put writers immediately back to work on the Marvel Studios development slate. Terms of the agreement were not disclosed.

"We're very excited about our summer releases, Iron Man and The Incredible Hulk, and look forward to resuming work with writers on our future projects including Captain America, Thor, Ant-Man, and The Avengers," said Marvel Studios Chairman David Maisel.

"Marvel Studios' signing of an interim agreement with the Writers Guild is more good news for our membership," said WGAE President Michael Winship and WGAW President Patric M. Verrone. "Marvel is committed to fairly compensating their writers and now they can move forward with their planned production schedule."

Marvel Studios recently launched its independent live-action film studio to develop, produce, and fully finance Marvel movies, which will include two of this summer's most anticipated releases – Iron Man and The Incredible Hulk.Directed by Jon Favreau, Iron Man will be released by Paramount Pictures on May 2, 2008, and stars Robert Downey Jr., Terrence Howard, Jeff Bridges and Gwyneth Paltrow. The Incredible Hulk, which will be released by Universal Pictures on June 13, 2008, is directed by Louis Leterrier and stars Edward Norton, Liv Tyler, Tim Roth, and William Hurt. In cooperation with other studios, Marvel previously produced a long succession of hits, including the Spider-Man, X-Men, and Fantastic Four franchises, Ghost Rider, and Daredevil.

The WGA recently entered into interim agreements with The Weinstein Company, United Artists, Lionsgate, Worldwide Pants, Spyglass Entertainment, MRC, Jackson Bites, Mandate Films, and Sidney Kimmel Entertainment.

About The Writers Guild of America

The Writers Guild of America, West (WGAW) and the Writers Guild of America, East (WGAE) represent writers in the motion picture, broadcast, cable, and new media industries in both entertainment and news. For more information about the Writers Guild of America, West, please visit www.wga.org . For more information about the Writers Guild of America, East, please visit: www.wgaeast.org .

About Marvel Entertainment, Inc.

With a library of over 5,000 characters, Marvel Entertainment, Inc. is one of the world's most prominent character-based entertainment companies. Marvel's operations are focused on utilizing its character franchises in licensing, entertainment, publishing and toys. Areas of emphasis include feature films, DVD/home video, consumer products, video games, action figures and role-playing toys, television and promotions. Rooted in the creative success of over sixty years of comic book publishing, Marvel's strategy is to leverage its character franchises in a growing array of opportunities around the world. For more information visit, www.marvel.com .