Ep.567 Marvel Put Iron Man on the Line—and Built an Empire

Most founders want exponential upside while protecting every valuable asset from risk. Marvel made a different bet. In 2005, the company secured a $525 million financing facility to produce its own movies, pledging theatrical film rights to characters including Iron Man and Captain America as collateral. That financing gave Marvel greater control over its films and the opportunity to capture far more of the upside instead of simply licensing its characters to other studios. In today’s episode...