If you’re a fan of Hollywood films, you must have heard this word “Marvel”. ‘Marvel’ or ‘Marvel Entertainment’ is an American entertainment company that produces mainly music, animation, comic, films, and video games. Formerly, it was called ‘Marvel Enterprises’ and today, it is a subsidiary of ‘The Walt Disney Company’. The history of this entertainment company is fascinating. Let’s get into the details and find out the net worth of Marvel in 2019.
Marvel was founded as ‘Marvel Enterprises’ in 1998 in New York City. However, it stepped into entertainment business quite a long time ago. Initially, there was only Marvel Entertainment Group and then, it was merged with ToyBiz and was named ‘Marvel Enterprises’. In 2006, ‘Marvel Enterprises’ became the subsidiary of ‘Marvel Entertainment’ which is also the parent company of many Marvels’ subsidiaries such as ‘Marvel Comics, ‘Marvel Productions, Marvel Films, Marvel Studio, and some other. Finally, they all were merged and named ‘Marvel Enterprises’.
Over the years, Marvel Entertainment Company has been on the roller coaster. It never remained stable. It stepped into numerous partnerships and negotiations with the other companies of various other businesses. Even today, it has the business relation with Sony Pictures, Universal Pictures, and some others. As a whole, Marvel Entertainment has many sister companies.
It took almost 31 years Marvel Entertainment to reach where it is today. Initially, Marvel Company set the feet in the business world in 1986 as the parent company of Marvel Comics and Marvel Productions. In 1989, it was bought by another company for $82.5 million. In 1997, Marvel started a new beginning and founded Marvel Studios. Next year, it collaborated with ToyBiz and changed the name of the company as ‘Marvel Enterprises’.
The purpose to merge it’s all sub-companies was to get out of the bankruptcy. In 2005, it was named ‘Marvel Entertainment’. It remained same for next four years. In 2009, finally, it was bought by ‘The Walt Disney Company’ for $4.24 billion. So, presently it is known as the subsidiary of The Walt Disney Company. It has almost 15 subsidiary companies which produce music, home video, films, video games, comics, books, animations, and television. Isaac Perlmutter is the chairman of this company while Dan Buckley is the president. Joe Quesada is the CCO of the company.
The entertainment company, which has produced the films like Spiderman, narrates its success stories clearly. However, Marvel Entertainment could never bag an award. Yeah, it received huge accolades from the audience.
Net Worth & Earnings
Marvel Entertainment group has gone through the ups and downs. It got initial success and then went bankrupt which led it to start everything all over again. However, even after facing such a huge loss, the company had a great value when it was bought by The Walt Disney in 2009. At that time, the company had a total grand value of $4.24 billion. After 2009, Marvel’s studios are recognized as Walt Disney Studios. As of now, Marvel’s net worth is $13 billion.
Marvel Entertainment has produced some of the best productions such as X-men, Spiderman: The Animated Series, The Avenger: United They Stand, Fantastic Four: World’s Greatest Heroes, Silver Surfer, and Spiderman film.