Stan Lee Media Sues Marvel: $5B
Stan Lee Media sued Marvel Entertainment for $5 billion Thursday, claiming it co-owns Marvel’s superhero characters, including Spider-Man, X-Men, and the Incredible Hulk.
The company is no longer owned by Stan Lee, the comic book legend who more recently hosted the TV series Who Wants to Be a Superhero? on the Sci-Fi Channel, which was produced by his latest company, Pow Entertainment.
In the suit, filed in the Southern District of New York, Stan Lee Media seeks to assert rights to the revenue generated by its superheroes that Marvel Entertainment is profiting from.
Mr. Lee formed Stan Lee Media during the dot-com boom as a way of bringing his superheroes online, but the company went bankrupt and produced a litany of lawsuits and criminal charges in its wake involving stock manipulation schemes against the other co-founders of the company.
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