One look at Marvel's
Here's what Marvel's feature film schedule looks like after the company reported spectacular earnings on Tuesday:
Title |
Release Date |
Production Company |
---|---|---|
X-Men Origins: Wolverine |
May 1, 2009 |
20th Century Fox |
Iron Man 2 |
May 7, 2010 |
Marvel |
Thor |
July 16, 2010 |
Marvel |
Captain America |
May 6, 2011 |
Marvel |
The Avengers |
July 15, 2011 |
Marvel |
Compare and contrast with the release patterns of Marvel's recent past:
Title |
Release Date |
Production Company |
Domestic Box Office |
---|---|---|---|
The Incredible Hulk |
June 13, 2008 |
Marvel |
$135 million |
Iron Man |
May 2, 2008 |
Marvel |
$318 million |
Fantastic 4: Silver Surfer |
June 15, 2007 |
20th Century Fox |
$132 million |
Spider-Man 3 |
May 4, 2007 |
Sony Pictures |
$337 million |
Ghost Rider |
Feb. 16, 2007 |
Sony Pictures |
$116 million |
Sure, Marvel still hands off many less glamorous projects like animated TV series to smaller studios, and Lions Gate
Marvel has $105 million of cash on hand, plus $44 million of restricted cash that is tied to specific development contracts. The company generated $179 million of free cash flow in 2008, carried mostly on Iron Man's broad and heavily armored shoulders. From here on out, I don't expect to see any more co-production deals backing Marvel movies. These guys have proven that what once looked like a risky business was indeed a smart move. Self-financing is the way to go.
Further Foolishness: