Under terms of the new deal, Disney will pay Paramount $115 million for the transfer of the distribution rights to
Iron Man 3 and
The Avengers to be paid on the theatrical release dates. These monies will serve as a minimum guarantee against the distribution fees.
"In completing this agreement, Disney will now assume worldwide marketing and distribution of 'The Avengers' and 'Iron Man 3' and leverage these two highly-anticipated films across the multiple global platforms of The Walt Disney Company," said Rich Ross, Chairman of The Walt Disney Studios. "We appreciate the tremendous momentum that Paramount established with these iconic Marvel characters and look forward to propelling the brand even further in the coming years."