Disney Buys Rights to Marvel Movies From Viacom’s Paramount

Sony Corp (SNE). makes “Spider-Man” movies under a longstanding agreement with Marvel. Amy Pascal, co-chairwoman of Sony Pictures Entertainment, said in a May 22 interview with the fan website Ain’t it Cool News, that the studio had no intention of selling Spider-Man rights.

21st Century Fox has made the “X-Men” and “Wolverine” films under a similar arrangement.

Disney fell 1.1 percent to $63.26 at the close in New York. The stock is up 27 percent this year. Viacom, based in New York, declined 0.4 percent to $67.54 and is up 28 percent.

Article Appeared @http://www.bloomberg.com/news/2013-07-02/disney-buys-rights-to-four-marvel-movies-from-viacom-s-paramount.html

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