Re: Hot Toys - MMS - Captain America: Civil War - Spider-Man Collectible Figure
No, for the last time, Sony Pictures did not make any money on Spidey merchandising until the MCU deal and you have made incorrect assumptions based on that single contract page. All you have demonstrated so far is a misunderstanding of legalese. Feel free to send me the entire SPE/MARVEL contract and I will read it over and let you know what it actually says about Sony Spider-man merchandising rights. Until I see a copy I'm done discussing this.
Read the quote from the Disney CEO I posted. He said they "bought the merchandising rights back" from Sony...for 274 million. So they paid 274m dollars for something they didn't have?
So far I've provided the contract, the exact amount paid for the rights to Sony from Disney, and a direct quote from Bob Iger during a stock holder meeting/conf call stating explicitly they bought the rights Sony had. So ....
And they rewrote the contract and specified that the merchandise is NOW under marvel control. Becuase it wasn't .
"To that end, we recently completed a transaction with Sony Pictures to simplify our relationship. And then in the deal,
we purchased Sony Pictures' participation in Spiderman merchandising, while at the same time, Sony Pictures purchased from us our participation in Spiderman films. This transaction will allow us to control and fully benefit from all Spiderman merchandising activity, while Sony will continue to produce and distribute Spiderman films. We won't be specific about the economics of this 2-way transaction, but we expect it will drive attractive returns for Disney"
As for the part about the numbers. Your right, I misread (I see hundreds of these contracts and i don't memorize them all. I intially posted it just for the first line of section 9. Where they stated they NOW have control over merchandise. As in, before they didn't. But I also posted the quote from Bob Iger. You clued in on that one mistake and missed the point. And your attempt to make it seem like I only have a "single" page and that's what my info is based on is incorrect. I have all of it. But no, I'm not sending it to you.
So, I've provided the contract, the total amount of the sale of the merch rights, the quote for the CEO of Disney..not enough. You have so far provided nothing. Well fine, here's the profit and loss statement provided by Sony where they state exactly what I said. They had merch profits from spiderman and now don't. I'm not sure what else you need as proof. I have proof from both sides, the total amount of the sale, and the rewritten contract.
