Stan Lee to be Paid Millions for Spidey

Soldrinero writes "After a tough legal battle that began in 2002 (mentioned in a previous Slashdot story), Stan Lee will finally get his due. A recent court decision says that Marvel owes Lee 10% of their profits for works based on his creations. Since three recent Marvel-based movies are in the all-time top 100 for box-office gross, this will be a sizable chunk of change."

Comments

A Victory

[Staplerh]

Good call from the court.

He filed the lawsuit in November 2002, pointing out a clause in his contract that entitled him to 10 percent of TV, movie and merchandising deals, an amount he thought was significantly higher than the $1 million-per-year salary he currently receives. Marvel tried to find a loophole in the wording.

Seems like a no-brainer. It was in the contract, Marvel tried to finangle their way out of it, and they failed. Good show, I must say. Good for him for staking out the claim, and calling Marvel on their unethical business practices.

So, bottom line, everything aside: it was in his contract, so I don't see how Marvel can appeal. They keep their merchandising revenue anyways.