Marvel Entertainment, Inc. (NYSE: MVL), a global character-based entertainment and licensing company, reported a correction in its weighted average number of diluted shares outstanding to 86,071,000 for its quarter ended March 31, 2007. The correction resulted in a two-cent reduction in its reported diluted earnings per share to $0.54 for that quarter.

The correction has no effect on Marvel's 2007 financial guidance or on any of its other financial results. Net income for Q1 2007 remains unchanged at $46,842,000.

About Marvel Entertainment, Inc.

With a library of over 5,000 high-profile characters built over more than sixty years of comic book publishing, Marvel Entertainment, Inc. is one of the world's most prominent character-based entertainment companies. Marvel utilizes its character franchises in licensing, entertainment (via Marvel Studios), publishing (via Marvel Comics) and toys, with emphasis on feature films, home DVD, consumer products, video games, action figures and role-playing toys, television and promotions. Marvel's strategy is to leverage its franchises in a growing array of opportunities around the world. For more information visit www.marvel.com.