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Thursday, January 20, 2005

Spider-Man creator may get multimillion-dollar payday from Marvel Enterprises

Stan Lee, the legendary cartoon hero creator who gave Spider-Man his powerful "spidey-sense," is feeling a tingling of his own -- in his wallet.

A Manhattan federal judge has ruled that Lee is entitled to a potential multimillion-dollar payday from Marvel Enterprises off profits generated by the company's TV and movie productions -- particularly the box-office smash "Spider-Man," which earned more than $800 million worldwide, and its hugely successful sequel.

"It could be tens of millions of dollars," Howard Graff, attorney for Lee, said yesterday. "That's no exaggeration."

The Monday ruling found that Lee was entitled to a 10 percent share of the profits generated since November 1998 by Marvel productions involving the company's characters, including Spidey, the X-Men, Incredible Hulk, Daredevil, the Fantastic Four and others created by the prolific cartoonist. Marvel promised an appeal.

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