Marvel stock settlement is finally paid out
Remember the last time comics were in serious economic troubles? Remember when Marvel went bankrupt?
Hard to believe in the days of Marvel movies making money like mad, but it was only twelve years ago that Marvel was bankrupt, in one of the most convoluted financial arrangements in corporate history. No, it’s not even possible to try and distill it all. Go read Comic Wars: Marvel’s Battle For Survival if you want all the details.
Now we hear from Ed Zanger that a piece of it is coming to a close, as stockholders from that time have just been paid a settlement from the shennanigans that went on at the time.
And the other big players in the battle? Well, Carl Icahn just put his 177-foot yacht, the Starfire, up for sale for $37.5 million– while Ron Perelman (right) is trying to sell his for $67 million so he can upgrade. Times are tough all over…
My wife bought me ten shares of Marvel as a Valentine's Day present. I think it was the second year they were sold, sometime in the late eighties or early nineties. The next year they split, so I had twenty shares. Last week I got a check from the trust for 6 dollars and change. I still have the first stock certificate in a frame in my comic room and the second is in a safe deposit box for no reason. I used to get Marvel Annual Report to Stockholders which was done like a comic book. Quite a refreshing change from the kind of annual reports most companies produce. Oh well it was a present after all.