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Relaunch of Spider-Man Franchise Could Be Shareholder Friendly

Here's an interesting article over at ICv2.com. As you may have heard, the Spider-Man franchise is about to undergo a mutation. Sony (SNE) apparently had creative differences with director Sam Raimi over the script for the fourth iteration in the series featuring Tobey Maguire as the titular character. This unfortunately led to a parting of the ways, and the need for a reboot, as they say in Hollywood.

There's an interesting business aspect to the deal that makes it imperative for Sony to come out with a new Spider-Man on a pretty regular basis. The rights will revert back to Marvel if Sony does nothing with them. Guess it's a use-it-or-lose-it deal.

Continue reading Relaunch of Spider-Man Franchise Could Be Shareholder Friendly

Spider-Man 3 swings to box-office record

Despite lukewarm reviews and a smattering of sub-plots spilling over in a bloated script (in this fan's opinion), Spider-Man 3 ensnared millions of fans in its web over the weekend, setting box-office records and raking in $375 million in ticket sales around the globe. The third installment following the escapades of our friendly neighborhood arachnid, trumped the previous record holder, Star Wars: Episode III -- Revenge of the Sith, which banked $254 million in its opening weekend in 2005.

In North America, the Tobey Maguire/Kirsten Dunst vehicle took in $148 million since Friday, topping the domestic box-office record set by Pirates of the Caribbean: Dead Man's Chest last July. Additionally, Spider-Man 3 -- distributed by Columbia Pictures, a unit of Sony Corp. ADR (NYSE: SNE) -- set a single-day record on Friday, selling $59.3 million in tickets, inching above the earlier record, also set by Dead Man's Chest. The latest installment was no frugal feat, costing nearly $260 million to produce.

Continue reading Spider-Man 3 swings to box-office record

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