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...Hollywood is profiting from the comic book industry - the forthcoming $139 million Spider-Man is expected to vie with Star Wars 2 as the summer hit - the comics business sorely needs the movies. Marvel, owners of famous properties including Spider-Man and The X-Men, even filed for bankruptcy (it has since recovered) in 1996. Before The X-Men movie, says Marvel's editor-in-chief Joe Quesada, the entire industry was in freefall, losing 7% to 10% of its readers every month...

Author: /time Magazine | Title: Hero Worship | 4/8/2002 | See Source »

...point, losing around $40 million. Now though, the cinematic landscape has changed. The vampire-hunting Blade grossed over $112 million in 1998, while 1997's Men in Black (both were based on comic books) became the 13th-highest grosser ever, with $589 million. After 2000's The X-Men took $294.3 million, the pitches came thick and fast...

Author: /time Magazine | Title: Hero Worship | 4/8/2002 | See Source »

...first of the new adaptations - shot straight to the top of the British box-office chart, clocking up more than $3.5 million in its opening Easter weekend. The next two years will see the release of Spider-Man, Men In Black 2, The Hulk, Daredevil and X-Men 2. There are ongoing negotiations for plenty more, including Ghost Rider, reportedly with Nicolas Cage, The Punisher and a Batman relaunch. The comics2film website lists over 200 projects currently ready - or rumored to be ready - for film adaptation. The war of the screen superheroes, with superbucks the prize, is well under...

Author: /time Magazine | Title: Hero Worship | 4/8/2002 | See Source »

...them justice." Lee's innovation was the creation of (his words) "superheroes with superproblems." Marvel Comics' film division CEO Avi Arad - one of the key players in the movie adaptations market - believes their humanity gives supermen and -women contemporary appeal. "The characters are pained," he says, pointing to The X-Men's antiracism overtones. "Through them we deal with the real world and real emotions...

Author: /time Magazine | Title: Hero Worship | 4/8/2002 | See Source »

Hollywood, though, is a dollars-and-cents neighborhood, and Tom Rothman, chairman of Fox Filmed Entertainment (producer of The X-Men), believes comics are low risk. "Comics and screen are both visually-driven media," he says. "If you can create indelible characters in one, the chances are that they will work in the other. And characters like the X-Men have been proved to work in comics for 20 years." The $75 million X-Men movie, he insists, was the film that opened the floodgates: "X-Men kicked ass. People thought it was unfilmable because there was no one obvious...

Author: /time Magazine | Title: Hero Worship | 4/8/2002 | See Source »

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