Innovator
08-11-2004, 04:20 PM
The federal government couldn't pin Vince McMahon to the mat, but how will he fare against the Amazing Spider-Man?
Comic book collecting website Newsarama.com reported today that World Wrestling Entertainment and comic book publisher Marvel will take part in a case management conference on 9/17 in regards to the rights to the name "Hulk Hogan" as well as the rights to the terms "Hulkster" and "Hulkamania."
World Wrestling Entertainment filed a lawsuit against Marvel Comics last month, seeking to maintain the rights to the "Hulk Hogan" name as it launches its WWE 24/7 Video on Demand service as it needs the Hogan name in order to market and distribute the WWF, WCW, and WWE matches they wish to use as part of the Video on Demand service.
According to an article that ran on the Bloomberg News wires last month, Marvel is claiming that WWE's rights to the name expired this month. WWE claims it owns the rights until March 2005, and according to the Newsrama article, WWE is now claiming it agreed to a Marvel royalty because it didn't want to be bogged down in a fight over the rights during their national expansion.
WWE originally licensed the rights from Marvel in 1985 when the comic book company came forth during the national WWF expansion, citing that Hogan's ring name was infringing on the rights of their "Incredible Hulk" character that was created in the 1960s by Marvel patriarch Stan Lee. Marvel claims that the agreement has expired, stating that the license of the terms began on 7/9/84 and would run for 20 years or until Hulk Hogan left wrestling. WWE claims that the date of the agreement was actually 3/25/85.
The agreement called for the WWE to never allow the word “Hulk” to be larger than “Hogan;” any logo created for Hulk Hogan not to resemble Marvel’s logo for the Incredible Hulk character, that WWE couldn't register the Hulk Hogan name as a trademark and agreed that Marvel owned that trademark and would not challenge it, and that Hulk Hogan would not appear in comic book form.
In return, Marvel was paid $100 per wrestling appearance by Hogan if he used the "Hulk" name, 0.90 of 1% of the reported gross on projects involving Hulk Hogan (merchandising, action figures, etc.) as well as 10% of WWE's percentage of their projects with the Hulk Hogan character (appearances, etc.)
Marvel was also prohibited on making any claims against WWE or Hogan until then, which according to the article, did happen in an April 2003 communication between attorneys for each side. Marvel sent a cease and desist request to WWE, who reminded them of the original agreement. Marvel then backed off the claim.
WWE lawyers are hoping to prove that the agreement ends this March, not last summer and they hope to get a legal declaration that they own the rights to the Hulk Hogan names and terminology, not Marvel.
In a separate case, Marvel has filed a suit against Terry Bollea, who has performed as Hulk Hogan for several decades, claiming trademark infringement. That case is scheduled to hit the courts on 10/31.
You can read the complete article as well as reaction's from Newsarama.com's readers, by clicking here.
credit: Mike Johnson PWInsider.com
Comic book collecting website Newsarama.com reported today that World Wrestling Entertainment and comic book publisher Marvel will take part in a case management conference on 9/17 in regards to the rights to the name "Hulk Hogan" as well as the rights to the terms "Hulkster" and "Hulkamania."
World Wrestling Entertainment filed a lawsuit against Marvel Comics last month, seeking to maintain the rights to the "Hulk Hogan" name as it launches its WWE 24/7 Video on Demand service as it needs the Hogan name in order to market and distribute the WWF, WCW, and WWE matches they wish to use as part of the Video on Demand service.
According to an article that ran on the Bloomberg News wires last month, Marvel is claiming that WWE's rights to the name expired this month. WWE claims it owns the rights until March 2005, and according to the Newsrama article, WWE is now claiming it agreed to a Marvel royalty because it didn't want to be bogged down in a fight over the rights during their national expansion.
WWE originally licensed the rights from Marvel in 1985 when the comic book company came forth during the national WWF expansion, citing that Hogan's ring name was infringing on the rights of their "Incredible Hulk" character that was created in the 1960s by Marvel patriarch Stan Lee. Marvel claims that the agreement has expired, stating that the license of the terms began on 7/9/84 and would run for 20 years or until Hulk Hogan left wrestling. WWE claims that the date of the agreement was actually 3/25/85.
The agreement called for the WWE to never allow the word “Hulk” to be larger than “Hogan;” any logo created for Hulk Hogan not to resemble Marvel’s logo for the Incredible Hulk character, that WWE couldn't register the Hulk Hogan name as a trademark and agreed that Marvel owned that trademark and would not challenge it, and that Hulk Hogan would not appear in comic book form.
In return, Marvel was paid $100 per wrestling appearance by Hogan if he used the "Hulk" name, 0.90 of 1% of the reported gross on projects involving Hulk Hogan (merchandising, action figures, etc.) as well as 10% of WWE's percentage of their projects with the Hulk Hogan character (appearances, etc.)
Marvel was also prohibited on making any claims against WWE or Hogan until then, which according to the article, did happen in an April 2003 communication between attorneys for each side. Marvel sent a cease and desist request to WWE, who reminded them of the original agreement. Marvel then backed off the claim.
WWE lawyers are hoping to prove that the agreement ends this March, not last summer and they hope to get a legal declaration that they own the rights to the Hulk Hogan names and terminology, not Marvel.
In a separate case, Marvel has filed a suit against Terry Bollea, who has performed as Hulk Hogan for several decades, claiming trademark infringement. That case is scheduled to hit the courts on 10/31.
You can read the complete article as well as reaction's from Newsarama.com's readers, by clicking here.
credit: Mike Johnson PWInsider.com