Academy-Award(R) Nominee Terrence Howard Signs on to Marvel Studios' IRON MAN.

Joins Robert Downey Jr. in Super Hero Action Adventure Film Being Directed by Jon Favreau and Distributed by Paramount Pictures

Film to Blast into Theaters May 2, 2008

LOS ANGELES -- Marvel's IRON MAN continues to attract Hollywood gold as Marvel Studios announced today that Academy Award[R] Nominee Terrence Howard has joined the cast of the highly-anticipated film. Howard will take on the role of Jim "Rhodey" Rhodes, Tony Stark aka Iron Man's best friend, in the project slated to launch into theaters May 2, 2008.

The addition of Howard solidifies an impressive foundation for Marvel Entertainment's first self-financed and produced feature film that also includes Oscar[R] nominee Robert Downey Jr. in the title role and Jon Favreau directing. The move also reinforces the continued allure of Marvel's Super Hero universe among Hollywood's most celebrated actors.

As Jim "Rhodey" Rhodes, Howard will portray Tony Stark's confidant and associate. Rhodey is an accomplished military pilot. His daring and skills become valuable assets to Tony Stark -- the billionaire industrialist and genius inventor who becomes the armored Super Hero known as Iron Man.

"When we first began to think about IRON MAN, we always envisioned Terrence as Rhodey. The richness of the role and complexity of the character seemed to mesh perfectly with the type of passion, energy and emotion that Howard brings to all of his projects," said Kevin Feige, President of Production, Marvel Studios. "Now with Terrence on board to co-star alongside Robert, we cannot be more excited about the great chemistry they will bring to IRON MAN."

Howard exploded onto the Hollywood scene in 2005 after delivering strong performances in such films as Hustle & Flow, for which he received an Academy Award[R] Best Actor nod, and the Oscar[R]-winning Best Picture Crash. He has received awards for Breakthrough Actor by the National Board of Review, Movieline and Gotham Awards. Howard recently completed production on The Brave One with Jodie Foster, and is currently in production on Spring Break In Bosnia with Richard Gere. His recent film credits also include Idlewild, Get Rich or Die Tryin', and Four Brothers.

Marvel Studios is currently casting all other supporting roles. Filming is slated to begin in Los Angeles in February 2007. The film will be distributed by Paramount Pictures.

IRON MAN will be produced by Avi Arad and Kevin Feige. Executive Producers are Michael Helfant, Ari Arad, Jon Favreau, Louis D'Esposito and Peter Billingsley. Howard is represented by the William Morris Agency, managed by Shakim Compere and Victoria Fredrick of Flavor Unit, and his attorney is Stewart Levy.

About Marvel Entertainment, Inc.

With a library of over 5,000 characters, Marvel Entertainment, Inc. (NYSE: MVL) is one of the world's most prominent character-based entertainment companies. Marvel's operations are focused on utilizing its character franchises in licensing, entertainment, publishing and toys. Areas of emphasis include feature films, DVD/home video, consumer products, video games, action figures and role-playing toys, television and promotions. Rooted in the creative success of over sixty years of comic book publishing, Marvel's strategy is to leverage its character franchises in a growing array of opportunities around the world. For more information visit www.marvel.com.

About Paramount Pictures

Paramount Pictures is part of the entertainment operations of Viacom Inc., one of the leading global entertainment content companies, with prominent and respected brands in focused demographics across virtually all media.

(tm) & (c): 2006 Marvel Entertainment, Inc. and subsidiaries, all rights reserved. Super Heroes is a co-owned registered trademark.

Except for any historical information that they contain, the statements in this news release regarding Marvel's plans are forward-looking statements that are subject to certain risks and uncertainties, including unexpected delays in the production of the Iron Man film or that Marvel may be delayed in meeting its lender's conditions for funding the Iron Man film under its film slate facility. These and other risks and uncertainties are described in Marvel's filings with the Securities and Exchange Commission, including Marvel's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.