Tuesday, August 05, 2008

The Marvel Bucks are rolling in!

That’s right, kids, Marvel Comics is starting to look healthier these days with a reported 60% increase in second Quarter net income (which apparently doesn’t even include revenues to the two Marvel films that kick-started the Summer Blockbuster season).

According to The Wall Street Journal, Marvel Entertainment is rolling in the green...

The New York entertainment company reported net income of $46.7 million, or 59 cents a share, up from $29.1 million, or 34 cents a share, a year earlier. Revenue rose 55% to $156.9 million. The mean estimates of analysts polled by Thomson Reuters were for earnings of 45 cents on revenue of $131 million.

Marvel said the latest figures don't include box-office results from "Iron Man" and "The Incredible Hulk," but that media and consumer interest in the films drove strong results in the licensing division. The unit, an increasing area of focus for the company, saw earnings surge 54% as sales increased 45%.

I see this as a very good sign. First the comicbook industry is healthy, and two we know that the movies did well, so that means more movies. Personally I’m pleased by both

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