Stan Lee Sues POW! Entertainment for $1 Billion

Angelo Anderson
May 16, 2018

Tianying is better known for animation but last week at the Cannes Film Festival announced it would produce June, a new film starring Hong Kong superstar Aaron Kwok and Chinese actress Miao Miao.

"Defendants conspired and agreed to broker a sham deal to sell POW! to a company in China and fraudulently steal Stan Lee's identity, name, image, and likeness as part of a nefarious scheme to benefit financially at Lee's expense", the suit alleges. Entertainment - including the company's current CEO Shane Duffy, and Gill Champion, with whom he co-founded the production company, reports TMZ. At the time, Lee claims, he was devastated because his wife was on her deathbed and they took advantage of his despair - and his macular degeneration, which rendered him legally blind in 2015.

Lee says a year ago Duffy and Champion, along with his ex-business manager Jerardo Olivarez, whom he's now suing for fraud, asked him to sign a non-exclusive license with POW! for the use of his name and likeness in connection with creative works owned by the company. Apparently POW! had to get a sign-off from Lee to use his name, and he claims he never signed any contract. Entertainment, according to reported court documents obtained by Variety.

The site goes on to state how Lee wouldn't give Disney the rights to use his name when the studio bought Marvel's movie rights for $4 billion in 2009, which could be used as an example to why Lee wouldn't forfeit his name in this case. The suit claims that Pow! was also given the right to use Lee's Twitter, Instagram, and Facebook accounts.

The purported suit seeks to rescind POW!'s agreement with Lee entirely on those grounds, as well as seeking "damages in excess of one billion dollars". Jerardo Oliveraz is Lee's former business manager, who he is also suing for fraud.

Other reports by Iphone Fresh

Discuss This Article