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Jack Liebowitz established Superman

 
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Joined: 21 Mar 21
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PostPosted: Tue Apr 13, 2021 3:57 am    Post subject: Jack Liebowitz established Superman Reply with quote

Jack Liebowitz established Superman, Inc. in October 1939 to develop the franchise beyond the comic books. Between 1938 and 1947, DC Comics paid them together over $400,000 (equivalent to $6,140,000 in 2019). The judge ruled that DC Comics had effectively abandoned the copyright to Superman and therefore forfeited its right to sue Fawcett for copyright infringement.
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Furthermore, since the newspaper strips carried stories adapted from Action Comics, the judge ruled that DC Comics had effectively abandoned the copyright to the Action Comics stories. DC Comics negotiated an agreement wherein it would pay the Siegel heirs several million dollars and a yearly stipend of $500,000 in exchange for permanently granting DC the rights to Superman.
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