Marvel Enterprises Settles Legal Dispute with Joe Simon Concerning Captain America

NEW YORK--(BUSINESS WIRE)--Sept. 29, 2003--Marvel Enterprises, Inc. (NYSE:MVL) and one-time Marvel Comics creator Joe Simon have announced that they have amicably settled their legal dispute surrounding the Captain America Super Hero. The specific terms of the settlement are confidential; however, the settlement included Mr. Simon's assignment to Marvel of any and all copyrights he has in Captain America.

With the lawsuit now settled, Marvel will focus its attention on aggressively building the Captain America property across a variety of mediums. This will include feature film and television deals, licensing/merchandising, promotional programs and exciting new publishing initiatives.

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"Captain America ranks as one of the most recognizable Super Heroes in the world, who can stand quite firmly alongside Marvel's biggest name - Spider-Man," stated Allen Lipson, Marvel Enterprises CEO. "Now, with the legal issue behind us, we can fully explore the deep value that this property brings to the Marvel Universe."

ABOUT MARVEL ENTERPRISES

Marvel Enterprises, Inc. is a leading global character-based entertainment licensing company that has developed and owns a library of over 4,700 characters, which have entertained generations around the world for over 60 years. Marvel's operations are focused in entertainment and consumer product licensing and comic book publishing. Marvel's creative teams at its Marvel Studios, Marvel Comics and Toy Biz divisions support the development of feature films (and DVD/video), video games, TV series and toy lines based on its characters. Marvel also licenses its characters for use in a broad and growing range of consumer products and services including apparel, collectibles, food and promotions. Marvel Comics is a leading global comics publisher and an invaluable source of intellectual property; Marvel Studios works with studios to develop feature film and entertainment projects; and Toy Biz is a recognized leader in toy design, sales and marketing that develops and oversees both licensed and proprietary toy lines. For additional information visit http://www.marvel.com.