Official Press Release
LOS ANGELES, CA (February 2, 2003) -- While the rain must fall from time to time, there's always a bright side. Difficulties over timing and production have forced the cancellation of ACTOR PRESENTS: SPIDER-MAN AND THE INCREDIBLE HULK #1. The Marvel Comics one-shot was scheduled to benefit A Commitment To Our Roots (ACTOR) Comic Fund, the nonprofit organization that aids older comic creators in financial or medical need.
What is the bright side? Despite these unforeseen problems, Marvel Comics will still show its support of ACTOR by honoring its commitment to donate funds. ACTOR will receive the full amount it was scheduled to for packaging the book.
"Marvel has been most generous in stepping up and paying for the book in full, even though it will not be printed," said ACTOR President Jim McLauchlin. "ACTOR is paid in full, and every freelancer got paid every dime they were due. In a financial sense, it's truly a 'no harm, no foul' situation."
ACTOR board member and Marvel Editor-in-Chief Joe Quesada added, "This is a good cause that benefits a lot of our childhood heroes and inspirations, and I personally remain committed to the long-term success of the organization. I will continue to look for opportunities to support ACTOR."
ACTOR (A Commitment to Our Roots) is a federally chartered 501 (c) (3) nonprofit organization devoted to providing relief and support to many of the talented creators who helped found the comic book industry in its Golden and Silver Ages. ACTOR is dedicated to helping creators with emergency medical aid, financial support, and entrance back into paying work. For more information, visit www.ACTORComicFund.org or call 310-286-0758 x440.
About Marvel Enterprises Marvel Enterprises, Inc. is a leading global character-based entertainment licensing company that has developed and owns a library of over 4,700 characters which have entertained generations around the world for over 60 years. Marvel's operations are focused in entertainment and consumer product licensing and comic book publishing. Marvel s creative teams at its Marvel Studios, Marvel Comics and Toy Biz divisions support the development of feature films (and DVD/video), video games, TV series and toy lines based on its characters. Marvel also licenses its characters for use in a broad and growing range of consumer products and services including apparel, collectibles, food and promotions. Marvel Comics is a leading global comics publisher and an invaluable source of intellectual property; Marvel Studios works with studios to develop feature film and entertainment projects; and Toy Biz is a recognized leader in toy design, sales and marketing that develops and oversees both licensee and in-house toy lines. For additional information, visit http://www.marvel.com.
Except for any historical information that they contain, the statements in this news release regarding Marvel's plans are forward looking statements that are subject to certain risks and uncertainties, including a decrease in the level of media exposure or popularity of Marvel's characters, financial difficulties of Marvel s licensees, changing consumer preferences, movie-and television-production delays and cancellations, toy-production delays or shortfalls, continued concentration of toy retailers, toy inventory risk, the imposition of quotas or tariffs on products manufactured in China and a decrease in cash flow even as Marvel remains indebted to its noteholders. These and other risks and uncertainties are described in Marvel's filings with the Securities and Exchange Commission, including Marvel's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Marvel assumes no obligation to publicly update or revise any forward-looking statements.