Some Good Hollywood News: Marvel Made Ton Of Money In 2008

Marvel Entertainment announced today operating results for its 4th-quarter ended December 31, 2008 and record net sales, net income and earnings per share for the full year 2008. For Q4 2008, Marvel reported net sales of $224.3 million and net income of $63.0 million, or $0.80 per diluted share, compared to net sales of $109.3 million and net income of $27.6 million, or $0.35 per diluted share, in Q4 2007. “The improvement reflects recognition of $135.5 million in film production segment revenues principally associated with the DVD performance of Marvel’s Iron Man feature film,” the company said. For the full year 2008, Marvel reported net sales of $676.2 million and net income of $205.5 million, or $2.61 per diluted share, compared to net sales of $485.8 million and net income of $139.8 million, or $1.70 per diluted share, in 2007. The revenue and net income growth principally reflects the contribution from Marvel Studios which released its first two feature films, Iron Man and The Incredible Hulk, in the summer of 2008.