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Probably one the first things that comes to mind when talking about super-heroes is the American media group, Marvel Entertainment, Inc. Recently

bought by the Walt Disney company, Marvel entertainment has created overthe years more than 5000 super-heroes and super-villains that are woven intothe very fabric of today’s worldwide popular culture. From its very inception inthe 1930s, the Marvel machine succeeded in maintaining a dominant positionin the comics market in the USA, and is responsible for some of the biggestmovie success in the recent years regarding revenues from theatricalexploitation. Nonetheless the company’s history hasn’t always been so brightand Marvel provides a very good example of a successful strategy shiftoperated around the production of “blockbuster” movies and the successfulintegration with the Walt Disney Company. In the next pages we will comeback on the rich history of the firm, exploring the massive universe developedby the creators of the firm, and see how it managed to become one of themost profitable franchise of the decade even though the company nearlycollapsed in in the 90s.

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The history of the most famous comic book publisher in the world starts in1939 with the creation of the publishing house Timely Comics, founded byMartin Goodman. The first publication of Timely comics dates back to October

1939 and was named “Marvel comics”. Back then the magazine waspublishing the adventures of the “Human Torch”, “Namor the Sub-Mariner”,and later on, those of “Captain America” (1940). During this period of war, theadventures of captain America were a big success in the US. The fathers ofthe character, Joe Simon and Jack Kirby, initially created Captain America asa propaganda tool against the Nazis. The character was conceived as theembodiment of the American patriotism, the protector of a free worldendangered by the tyranny of evil forces. However, the success of the seriesstarted declining at the end of WWII in favor of more conventional stories.

The decline in sales caused by this market change eventually caused TimelyComics to cease its activity in 1951. The different comics characters createdby the Goodman brothers kept on living through the publications of the AtlasNews Company, another publishing house created by Martin Goodman. Yet,this decline in sales coupled with the fear of the pending creation of theComics Code Authority (CCA), which would have meant increased regulationconcerning comics’ content, especially for violent content, pushed thepublisher to diversify its publications towards more mundane subjects likeWesterns, humoristic short stories, and horror stories.

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We’ll have to wait for the 60s to see Atlas coming back from limbo. At thattime, one of the main players on the comics market, DC comics, waspublishing a series called “Justice league” which was fairly successful. Inreaction to this, Martin Goodman asked a young employee, Stanley Lieber(alias Stan lee), to create a new series featuring a group of super-heroes.

In collaboration with Jack Kirby, they gave birth to the “Fantastic Four”, a hugehit, first published in august 1961. This famous duo of authors became part ofthe most influential figures of the comic book industry and are to be thankedfor the creation of many comics characters like Spider-Man, Iron Man, TheIncredible Hulk, Daredevil, the X-Men, and the Mighty Thor.

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Unlike their direct competitors, Lee and Kirby focused on creating flawedheroes, imperfect characters subject to moral dilemmas, heroes to which thereaders could easily identify. That characteristic of Marvel’s heroes is certainlyone of the main factors that allowed the publisher to distinguish itself andbecome so successful. In a matter of a decade, the creation of this super-herocatalogue made its mark on history and pop-culture. As a matter of fact, the60s are referred as Marvel’s golden age and as the silver age of comics ingeneral.

At that time, Marvel started ignoring the CCA, created in 1954. The code ofthe CCA was meant to protect comics readers and banned graphic depictionsof violence and gore in crime and horror comics, as well as sexual innuendos.Already largely unenforced, Marvel pushed the transgression even further andwas one of the first comics publishers to implement more mature themes suchas drugs (Amazing Spider-man #96-98) in its stories. The immediate successof such stories spelled the end for the CCA.

The house of ideas (Marvel’s common nickname) was also the first comicspublisher to include minorities in its stories. The publisher supported theAfrican-American civil rights movement and since 1964, regular appearancesof persons of color could be witnessed in the stories, without them beingcaricatured. As soon as 1966, Marvel created its first black super heroes withBlack Panther and Luke Cage.

During this golden age, ownership of the publishing house changed hands. In1968, Martin Goodman sells his press group, Magazine Management, towhich he had transferred his comics’ copyrights, to the Perfect Film andChemical Corporation. In 1973, the Perfect Film and Chemical Corporationchanges its name to Cadence Industries and renames its press division to

Marvel Comics Group.

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The 70’s marked a new era for the comic book. The audience was growingand expected to see their favorite super-heroes grow with them. In the real

world, the Watergate scandal, the failure of the Vietnam War, and the peakingcrime rates in the US 1 shaped the comics landscape. Stories became closerto real life than fiction. Marvel tried to follow this trend and scripted majorevents in the Marvel universe. The brutal killing of Spiderman’s girlfriend(Amazing Spider-Man #121-122) by the hands of the Green Goblin, thecreation of cold blooded anti-heroes likes the Punisher, and the Wolverine,are examples of Marvel’s attempts to close the gap between their content andthe expectations of the readers. Progressively the stories offered by comics’became darker but Marvel didn’t succeed in establishing a strong storylinearound this trend and sales started declining to reach a low in 1972.

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