Unless the context otherwise requires, the term �we,� �us,� �our,� �Marvel� or
�the Company� each refer to Marvel Entertainment, Inc., a Delaware corporation,
and its subsidiaries. Some of the characters and properties referred to in this
report are subject to copyright and/or trademark protection.
Marvel is one of the world's most prominent character-based entertainment
companies, with a proprietary library of over 5,000 characters. We operate in
the licensing, publishing, toy and film production businesses in both domestic
and international markets. Our library of characters includes Spider-Man, Iron
Man, The Incredible Hulk, Captain America, Thor, Ghost Rider, The Fantastic
Four, X-Men, Blade, Daredevil, The Punisher, Namor, Nick Fury, The Avengers,
Silver Surfer and Ant-Man, and is one of the oldest and most recognizable
collections of characters in the entertainment industry.