Iron Man is Marvel-ous At Box Office…

\"Iron Man\" was pure gold at the box office. The Marvel Comics adaptation, starring Robert Downey Jr. as the guy in the metal suit, hauled in $100.7 million during its opening weekend and $104.2 million since debuting Thursday night, the second-best premiere ever for a nonsequel, according to studio estimates Sunday.

Iron Man is definetly a mega huge hit for Marvel Entertainment which self financed the film and gears up to bring a sequel in two to three years. But first they are basking in the glow of having a film which grossed 100 million dollars this weekend. Read more below:

Los Angeles: AP
We could not have hoped for a better way for Marvel Studios to blast off,” said David Maisel, chairman of the unit, a division of Marvel Entertainment, which stands to pull in a greater share of box office receipts and merchandising money by financing movies itself.

The Marvel Comics adaptation, starring Robert Downey Jr. as the guy in the metal suit, hauled in $100.7 million during its opening weekend and $104.2 million since debuting Thursday night, the second-best premiere ever for a nonsequel, according to studio estimates Sunday.

The film also scored overseas with $96.7 million in 57 countries where it began opening Wednesday, putting its worldwide total at $201 million

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Universal Studios, Marvel Entertainment and Seaworld To Open in Middle East…

Source: Breibart/AP

Wonder Woman, King Kong and Shrek are heading for the Persian Gulf as part of the rush to build what could become the world\'s largest theme park playground.

In historic news, Universal Studios, Marvel Entertainment and Seaworld are building billion dollar theme parks in the Middle East. Dubai and Abu Dhabi located in the Arab Emirates will be the locations for these parks which will be a first and raises the questions if they can attract a significant Muslim population. Full story below:

Investors, studios and park operators are all aiming to cash in on what some observers call the Middle East’s decades-long fascination with American culture. Hollywood movies are popular in the region, and Western fashions are hot commodities among residents who travel abroad.

“On the one hand, they hate America. On the other hand they love America to the bone,” said Michael Izady, an expert on Middle East culture who reaches history at Pace University in New York.

The theme park market is open—with no major facilities currently operating in the Middle East.

The projects are no-brainers for the entertainment companies that have jumped at what amounts to free brand expansions with no capital at risk. Few details have been provided about the deals, which entertainment companies simply describe as licensing arrangements for intellectual property and help on designing the parks and attractions, with no mention of possible royalty payments.

Full story here