Days after the $100 million boxoffice smash opening of "Iron Man," Marvel Entertainment has extended the contract of Marvel Studios chairman David Maisel through 2010 and promoted Kevin Feige to president of Marvel Studios.
Maisel, who joined Marvel in 2003 and was named chairman of Marvel Studios last year, was responsible for the conception and execution of the company's film production initiative and for securing a $525 million nonrecourse loan facility to finance the strategy. He also serves as an executive producer on both "Iron Man" and "The Incredible Hulk."
Feige joined Marvel in 2000 and was named president of production in 2007. He produced both "Iron Man" and the upcoming revamp of "The Incredible Hulk," which Universal opens in June. Feige also is acting as producer of numerous Marvel Studios projects in development including "Iron Man 2," "Thor," "The First Avenger: Captain America" (working title), "The Avengers" and "Ant-Man." He is executive producing upcoming non-Marvel Studios films based on Marvel characters including "Punisher: War Zone" and "X-Men Origins: Wolverine."
"In their respective roles, David and Kevin have led Marvel into a bold new era," Marvel Entertainment chairman Morton Handel said. "Their creativity, energy and experience have been instrumental to the spectacular success of our film production and financing strategy."
Maisel has served in various posts at Marvel, including exec vp corporate development, vice chairman and president and COO of Marvel Studios. Before Marvel, he held senior management roles at Endeavor, CAA and Disney.
Feige has been involved in almost all theatrical productions based on Marvel characters in the past 10 years, and before joining Marvel in 2000, he worked for Lauren Shuler Donner and Richard Donner at their Warner Bros.-based company. There he received his first production credit, as associate producer on "X-Men."