David Maisel and John Turitzin Promoted as Marvel Entertainment Creates Office of the Chief Executive

Business Wire, Sept 26, 2006

NEW YORK -- Marvel Entertainment, Inc. (NYSE: MVL), a global character-based entertainment and licensing company, today announced that David Maisel, 44, and John Turitzin, 51, have been appointed to the newly created position of Executive Vice President, Office of the Chief Executive. In their new roles, Messrs. Turitzin and Maisel will join Isaac Perlmutter, Marvel's Chief Executive Officer, to comprise the newly formed Office of the Chief Executive. Mr. Perlmutter has served as CEO of Marvel since January 2005. The three officers will oversee all of Marvel's divisions and operations.

While the company expects that the three members of the Office of the Chief Executive will work closely as a team, Mr. Maisel will pay particular attention to Marvel's media activities, interactive businesses, video gaming, corporate development and long range planning. Mr. Turitzin will primarily focus on Marvel's licensing and publishing efforts and Marvel's other businesses and functional activities based in New York. As CEO, Mr. Perlmutter will continue to focus on key corporate initiatives across all of Marvel's operating divisions.

Mort Handel, Marvel's Chairman, stated, "The creation of the Office of the Chief Executive allows Marvel to benefit from the individual and complementary strengths of three proven executives within one cohesive management structure. Over the last two years, John and David have proven themselves as executives who are able to conceive and execute on initiatives that further Marvel's long-term goals. Their skill sets complement those of our CEO, Ike Perlmutter who has played an integral role in the transformation of Marvel into a leading global entertainment company."

Mr. Perlmutter commented, "I welcome David and John in joining me in the newly formed Office of the Chief Executive which will oversee all of the Company's operations. This new arrangement provides Marvel with the optimum senior management structure to effectively leverage our character brands and creative strengths in a broad array of growth opportunities."

Mr. Maisel will be based in Los Angeles at the offices of Marvel Studios. Mr. Maisel joined Marvel in December 2003 and most recently served as Executive Vice President, Corporate Development and Vice Chairman of Marvel Studios. Mr. Maisel was responsible for the conception of the Company's new film production initiative, including the establishment of the $525 million non-recourse loan facility to finance that strategy.

Mr. Turitzin will be based at the company's New York City headquarters. He has been Executive Vice President and General Counsel of the Company since joining Marvel in February 2004. Before joining the Company, Mr. Turitzin was the company's outside counsel as a partner at the law firm of Paul, Hastings, Janofsky & Walker.

Mr. Turitzin has practiced corporate law on behalf of a broad base of corporate clients for 25 years. Prior to becoming a partner at the Paul, Hastings law firm, Mr. Turitzin was a partner at the law firm of Battle Fowler, which he joined in 1985. Mr. Turitzin began his legal career as an associate at Cahill Gordon & Reindel. Mr. Turitzin graduated from Earlham College and earned a J.D. from New York University School of Law and a Masters in Public Affairs from the Woodrow Wilson School at Princeton University.

Mr. Maisel has over 17 years of diverse entertainment industry experience. Following his graduation from Harvard Business School, Mr. Maisel served as a Manager in the entertainment and media practice of The Boston Consulting Group. Mr. Maisel then joined Creative Artists Agency, where he worked to facilitate deals like Matsushita's sale of MCA Universal to Seagram in 1995. He later joined The Walt Disney Company as Director of Corporate Development and Strategic Planning. Following his tenure at Disney, Mr. Maisel was named President of Livent, Inc., a theatrical production company, where he successfully piloted its restructuring and sale to SFX Entertainment, now part of Clear Channel. Mr. Maisel then served as Managing Director of Chello Broadband, one of Europe's largest broadband Internet companies. Prior to joining Marvel in December 2003, he headed Endeavor Talent Agency's Corporate Strategy and Business Development.

About Marvel Entertainment, Inc.

With a library of over 5,000 characters, Marvel Entertainment, Inc. is one of the world's most prominent character-based entertainment companies. Marvel's operations are focused on utilizing its character franchises in licensing, entertainment, publishing and toys. Areas of emphasis include feature films, DVD/home video, consumer products, video games, action figures and role-playing toys, television and promotions. Rooted in the creative success of over sixty years of comic book publishing, Marvel's strategy is to leverage its character franchises in a growing array of opportunities around the world. For more information visit 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, delays and cancellations of movies and television productions based on Marvel characters, transition difficulties between licensees, toy-production delays or shortfalls, continued concentration of toy retailers, toy inventory risk, significant appreciation of Chinese currency against other currencies and the imposition of quotas or tariffs on products manufactured in China. 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.