Is Universal closing Marvel?

Disney Park Will Be Free To Use All Marvel Rights as Universal Studios Gives up on Franchise. A Universal Studios Theme Park will soon lose some Marvel IP rights as it closes one of its most popular attractions. There is some sad news for Spider-Man fans.



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Universal Orlando Can Keep Marvel Licensing in Perpetuity What's interesting about Comcast's 1994 contract for Marvel IP that it inherited with its purchase of NBC Universal, the contract is valid in perpetuity, as long as Universal Studios doesn't close Marvel Super Hero Island.

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There are no plans for Orlando's version of the attraction, or Marvel Super Hero Island, to close in the immediate future. In addition, Universal has also announced that Terminator 2: 3-D and Backdraft, which are currently on hiatus, will officially close in preparation for future plans.

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Marvel, before its merger with Disney, had made a licensing agreement with Universal Studios Orlando, to use most of Marvel's characters for attractions and merchandising. Universal is free to use the characters as long as they maintain the agreement (with continual payments to Marvel's new owner).

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Will Disney buy Universal? No, not in it's current form. However, one could come up with a scenario where Disney would be able to buy Universal Studions Florida (not the entire company, just that particular property.) Or, of course, there is the possibility that Disney could buy back the Marvel rights.

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