Written by ThanosCopter
on Thursday, October 18 2012 and posted in News with Benefits
A judge has ruled that Warner Bros. is the legal owner of the Shuster portion of the rights of the character.
Source: LA Times
Warner Bros has secured ownership of at least 50% of Superman, which will allow the company to continue using the character for the forseeable future. In a ruling by a federal judge in Los Angeles, it was determined that Jean Peavy, Joe Shuster's heir, did sign away her rights to Warner Bros in exchange for a yearly pension of $25,000 (which increased over the course of the years). In his ruling, Judge Otis Wright noted that Warner Bros. had paid the Siegel and Shuster families over $4,000,000 since 1975, not including medical expenses.
This ruling allows DC to continue using the Superman character as it please, provided it pays the Siegel estate, which currently holds the other 50% of the Superman rights, its portion of the profits. A legal battle between the Siegels and Warner Bros. is ongoing. However, the Shuster family is expected to appeal the ruling, meaning that the legal battle for the Man of Steel is sure to continue for much longer.
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About the Author - ThanosCopter
ThanosCopter is a specially designed helicopter built to transport Thanos the Mad Titan. Built by Sterling Custom Helicopters, ThanosCopter appeared in several Marvel comics, before being abandoned by its owner during the character's ascension into major villainy. ThanosCopter was discovered by the Outhouse and given a second chance at life. He now buzzes merrily around the comic book industry, spreading snark, satire and humor like candy to small children.
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