In 2005, Stan Lee sued the company over profits from the first Spider-Man film. He won a $10 million settlement. Well, it seems the past returns. From our frivolous lawsuit department comes word from AZM Ally Greg that Stan Lee and Marvel are once again involved in an idiotic legal battle, only this time on the same side. Stan Lee Media Inc is suing both its founder, Stan Lee, and Marvel over film and comic profits totaling $750 million dollars.
Let’s rewind, shall we. On the back of the 90′s comic boom, in 1998 Stan Lee created Stan Lee Media Inc to create a line of internet super heroes that would star in their own animated comic. The company eventually went public. Sadly, by 2001 Stan Lee Media Inc was forced to close its doors thanks to stock manipulation charges levied against its corporate officer Stephan Gordon and Lee’s lawyer Peter Paul. Stan Lee Media Inc reemerged in 2006 with heads firmly up their ass.
In their suit against Stan Lee and Marvel, Stan Lee Media Inc alleges that Stan signed over ownership rights of characters he created for Marvel to Stan Lee Media Inc and that profits from any comics or movies made from those characters should go to them. This makes no sense. Stan created Spider-Man et. al under a work-for-hire contract. All the characters he created and co-created are the sole property of Marvel. Even if he wanted to, Stan can’t sign the ownership rights of those characters to anyone.
I hope the judge gets a big chuckle out of this because Stan Lee Media Inc has no leg to stand on. Idiots.