Marvel Entertainment, LLC is an American entertainment company founded in June 1998, merging Marvel Entertainment Group, Inc. and ToyBiz. The company is a wholly owned subsidiary of The Walt Disney Company, and is mainly known for its Marvel Comics, Marvel Animation, and Marvel Television units. Marvel Studios, formerly under the Marvel umbrella, became a subsidiary of The Walt Disney Studios, where it develops and produces a shared universe that shares continuity with shows produced by the television unit.In 2009, The Walt Disney Company acquired Marvel Entertainment for $4 billion; it has been a limited liability company since then. For financial reporting purposes, Marvel is reported as primarily a part of Disney's Consumer Products segment.Over the years, Marvel Entertainment has entered in several partnerships and negotiations with other companies across a variety of businesses., Marvel has film licensing agreements with 20th Century Fox and Sony Pictures, and a theme park licensing agreement with Universal Parks & Resorts extant before Disney's acquisition. Aside from their contract with Universal, Marvel's characters and properties have also appeared at Walt Disney Parks and Resorts.
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