Julie Taymor and U2's Bono and The Edge Collaborate on Musical; Summer Reading Scheduled

NEW YORK -- April 20, 2007 -- Marvel Studios has confirmed that plans are underway to produce a Broadway musical based on Marvel's ever popular Super Hero, Spider-Man. Produced by Hello Entertainment/David Garfinkle, Martin McCallum, Marvel Entertainment, and SONY Pictures Entertainment (billing in formation), the musical will be directed by Tony Award-winner Julie Taymor with U2's Bono and The Edge creating new music and lyrics for the project. A reading is scheduled to take place this summer. No dates for a Broadway opening have been confirmed at this time.

The Spider-Man musical will mark the first time a Marvel character has been the subject of a show on Broadway. In addition to co-producing the show, Hello Entertainment is arranging all financing for the project.

"Marvel continues to look to every entertainment medium to support the enduring popularity of our Super Heroes, and we are thrilled with the talent on board. The all star creative team -- led by Julie Taymor, Bono and The Edge -- is second to none, and we are certain this project will delight fans of Spider-Man and new audiences alike," said David Maisel, Chairman, Marvel Studios, whose previous Broadway credits include spearheading the 1999 Tony Award-winning Best Musical Fosse.

About Marvel Entertainment, Inc.

With a library of over 5,000 characters, Marvel Entertainment, Inc. (NYSE: MVL) 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.

(TM) & ©: 2007 Marvel Entertainment, Inc. and subsidiaries, all rights reserved. Super Hero(es) is a co-owned registered trademark.