Jack Kirby Heirs Reclaim Marvel/Disney Rights

Posted by kdawson on Monday September 21, 2009 @10:54AM from the more-movies-for-grownups dept.

lbalbalba writes "Heirs to comic book legend Jack Kirby sent 45 notices of copyright termination to Marvel Entertainment, prospective Marvel buyer Disney, Sony Pictures, Universal Pictures, 20th Century Fox, Paramount Pictures, and others studios that that hold licensed media rights to Marvel characters. Some rights could revert to the heirs as soon as 2014, for characters that are among the hottest in Hollywood: The Incredible Hulk, The Mighty Thor, Iron Man, Spider-Man, The Avengers, and others. Among other things the heirs' demand could cause problems for Disney's as yet unconsummated purchase of Marvel."

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At what cost? by MicktheMech · 2009-09-21 11:01 · Score: 5, Interesting

Neither the summary nor the article (I know...) mention what it's going to cost the heirs to get the rights back. TFA states that they can regain control a certain period after the grant of rights had been made, but is this just a normal end of the contract or do they have to buy it back? In the article Disney is quoted as saying they knew this was coming, so I'm guessing this is just the normal end whatever contract the film companies had to license the characters. Are there any IP lawyers who could shed some light on this?