According to The Hollywood Reporter, the home to such superheroes as Spider-Man and The Hulk has tweaked its name and raised the $525 million it needs to become a producer of movies based on some of its 5,000 characters.
Marvel Entertainment, previously Marvel Enterprises, is set to announce Tuesday its name change and completion of its loan package, and also will divulge that superheroes Captain America, the Avengers, Nick Fury, Black Panther, Ant-Man, Cloak & Dagger, Dr. Strange, Hawkeye, Power Pack and Shang-Chi will get the feature-film treatment.
Paramount Pictures, under a deal announced in April shortly after Brad Grey took the helm of the studio, will distribute and market the films, the first of which will be released in 2008 or possibly sooner.
Marvel chairman and CEO Avi Arad said he officially will begin attaching scriptwriters to all 10 projects beginning Wednesday and that, though he has a wish list, he's unsure which movie will be released first.