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View Full Version : Stan Lee Wins Spiderman Royalty Suit



sarongsong
2005-Jan-24, 03:56 AM
"...Lee, 82, who created the superhero in 1962, has been awarded 10 percent of Marvel's profits [$1.6 billion] from 2002 blockbuster Spider-Man and last year's sequel Spider-Man 2..."
http://www.hollywood.com/news/detail/article/2432759

Kizarvexis
2005-Jan-24, 04:16 AM
Wow! $160M! Way to go Stan.

Kizarvexis

mike alexander
2005-Jan-24, 05:35 AM
Consider Stan...umm.... Prized!

sarongsong
2005-Jan-24, 06:12 AM
And a big raspberry to Marvel for making the suit necessary---who needs to be hassled at 82 to begin with---elder abuse...punitive damages? :evil:
Just hope he gets the money soon enough to enjoy it.

Kizarvexis
2005-Jan-24, 06:17 AM
And a big raspberry to Marvel for making the suit necessary---who needs to be hassled at 82 to begin with---elder abuse...punitive damages? :evil:
Just hope he gets the money soon enough to enjoy it.

Well, Stan will get around $100M after taxes as Uncle Sam is sure to send Guido for his cut. ;)

Kizarvexis

sarongsong
2005-Jan-24, 07:18 AM
...musn't forget his lawyer(s)---ouch!

Mistermystery
2005-Jan-24, 08:03 AM
http://us.news2.yimg.com/us.yimg.com/p/ap/20050119/lthumb.ny89701191912.spider_man_2_premiere_ny897.j pg

It looks like Kirsten Dunst is eating his head....

ToSeek
2005-Jan-24, 02:35 PM
It looks like Kirsten Dunst is eating his head....

Some guys get all the breaks....

Candy
2005-Jan-25, 03:58 AM
It looks like Kirsten Dunst is eating his head....

Some guys get all the breaks....
:D

sarongsong
2005-Jan-25, 05:20 AM
Nice overview (http://www.salon.com/people/bc/1999/08/17/lee/index.html) of Master Lee:
"The father of Spider-Man and the Silver Surfer invented the modern superhero, revived a dying industry and created a mythology..."

Wally
2005-Jan-25, 03:25 PM
And a big raspberry to Marvel for making the suit necessary---who needs to be hassled at 82 to begin with---elder abuse...punitive damages? :evil:
Just hope he gets the money soon enough to enjoy it.

Well, Stan will get around $100M after taxes as Uncle Sam is sure to send Guido for his cut. ;)

Kizarvexis

Are moneys that result from court hearings taxable? I was thinking "no", but maybe that just applys to punitive damages rather than compensatory. . .

pghnative
2005-Jan-25, 06:25 PM
I suspect that the taxation would depend on the circumstances. In this case, if Marvel had done the right thing from the get-go, then this money would have been income for Stan, and a business expense for Marvel. So it is likely that the court ordered transfer of money is handled the same way. (And it'll probably be figured as X dollars in 2003, Y dollars in 2004, etc..., forcing both sides to file amended tax filings, leading to more dollars paid to the lawyers / accountants)