In 2008, Marvel Studios signed a lease with Raleigh Studios to host its headquarters and production offices and film the next four movies on the studios' slate, including Iron Man 2 and Thor, at their Manhattan Beach facilities. In March 2007, David Maisel was named Chairman and Kevin Feige was named President of Production as Iron Man began filming. Lionsgate Entertainment subsequently dropped the Black Widow motion picture project it had since 2004, giving the rights back to Marvel. That year the film was announced to be a Marvel Studios production. In April 2006, Paramount Pictures acquired the rights to Thor from Sony Pictures Studios. In 2006, Marvel revealed that it had regained the film rights to The Incredible Hulk. In November 2005, Marvel gained the film rights to Iron Man from New Line Cinema. In 2005, Michael Helfant joined the studio as President and Chief Operating Officer. Those properties were: Ant-Man, the Avengers, Black Panther, Captain America, Cloak & Dagger, Doctor Strange, Hawkeye, Nick Fury, Power Pack, and Shang-Chi.
Marvel gets $525 million to make a maximum of 10 movies based on the company's properties over eight years, according to the parameters of the deal with Paramount in September 2004. that is collateralized by certain movie rights to a total of ten characters from Marvel's vast vault. Marvel entered into a non-recourse financing structure with Merrill Lynch Commercial Finance Corp. Partnering with Lionsgate Entertainment in 2004, Marvel plans to enter the direct-to-DVD market with eight animated films with Lionsgate handling distribution. The division was formerly headed by Avi Arad from May 13, 1993, as Chairman and Chief Executive Officer, until October 1998, when he took on other duties within the company such as executive producer for the studios’ film output. The company was founded as Marvel Films by Marvel Entertainment Group. Marvel Studios is a film studio and a subsidiary of Walt Disney Studios.
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