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Comic-book legend Stan Lee starts over.


Spiderman's creator has moved to a new web - the World Wide Web, that is.

Stan Lee For the fictional character of this name, see .

Stan Lee (born Stanley Martin Lieber on December 28, 1922[1]) is an American writer, editor, former Chairman of Marvel Comics, and memoirist.
, prolific creator of such comic-book icons as Spiderman, the Incredible Hulk and the X-Men, has at the age of 76 decided to tackle the Internet.

His new-media company, Encino-based Stan Lee Media Stan Lee Media (SLM) was an Internet-based creation, production and marketing company that created branded super hero franchises for applications in all media. Its 165 man animation production studio was based in Los Angeles, California from 1998- 2001.  Inc., was formally launched last week, and the driving goal is to become the world's virtual clubhouse for comic-book lovers.

"This is a whole new medium for me, which means that I have the fun of exploring how to tell a story in a whole new way," said Lee, who will remain chairman emeritus of New York-based Marvel Entertainment Marvel Entertainment, Inc. (NYSE: MVL) is an American entertainment company.

The company traces its origins to the May 1933 publication of Western Supernovel Magazine.
 and who still sits on the editorial board of Marvel Comics.

"I was this excited years ago when I first got involved with Marvel Comics and watched it take off. Now I get to do it again with the Internet. Hopefully, this can be, as successful as Marvel - if not bigger."

Don't look for Spiderman's latest escapades on the site, however. The biggest attraction for Lee - and potentially the company's biggest gamble - is that his familiar Marvel creations won't be featured. Instead, Lee will develop all-new superheroes Superheroes are fictional heroes who possess abilities beyond those of normal human beings.

Superheroes may also refer to:
  • Superheroes (band), a Danish pop/rock band
  • Superheroes (album), by American heavy metal band Racer X
  • Superheroes
. He is currently designing six story lines and 12 new characters - many of which got their superpowers from the Internet, of course.

Even without Marvel's creations, the new venture has attracted considerable interest because Lee himself has such a following.

"Anything Start does that's new will generate interest," said Bill Liebowitz, owner of Golden Apple Comics in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. . "He's arguably ar·gu·a·ble  
adj.
1. Open to argument: an arguable question, still unresolved.

2. That can be argued plausibly; defensible in argument: three arguable points of law.
 the best-known figure in this industry, and the Internet seems like the best way in the '90s to launch new characters. I think my customers would be curious."

Analyst Seema Williams agreed. "Stan has a cult-like following, which counts for a lot online," said Williams, of Cambridge, Mass.-based Forrester Research Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Corporate facts
  • Founded: 1983 by George F.
 Inc. "The Internet aggregates niche markets A niche market also known as a target market is a focused, targetable portion (subset) of a market sector.

By definition, then, a business that focuses on a niche market is addressing a need for a product or service that is not being addressed by mainstream providers.
, which means that the company's prospects are good."

When fully developed in the next several months, the Web site will feature a multimedia combination of animation and drawings; free Web pages, e-mail and games; comic-book sales and trades; interactive games; and online classes led by Lee for budding comic-book artists and writers. The company will rely heavily on strategic partnerships with other new-media companies both for building the site and for driving online traffic its way.

Most of the services will be free to users, but some "premium" areas will require subscriptions. Other projected revenue sources include e-commerce, advertising and sponsorships.

Peter Paul Peter Paul may refer to several people or things:
  • Peter F. Paul, American businessman, convicted drug dealer and securities felon, controversial political donor
  • Peter Paul (actor), of Barbarian Brothers
  • Peter Paul, 19th century gun builder
, Stan Lee Media's co-founder, has such confidence in the business plan that he intends to help take the company public within six months. Paul projects that the site will attract up to 6 million visitors in its first year, and that Lee's brand name alone has a value of up to $30 million.

Paul acknowledges that the timeline for an offering is ambitious even by Internet standards See Internet Engineering Task Force. , but he emphasized that the company would go public "one way or another."

Such chutzpah chutz·pah also hutz·pah  
n.
Utter nerve; effrontery: "has the chutzpah to claim a lock on God and morality" New York Times.
 might be justified. Because Lee himself is the company's main commodity, it faces no direct competitors. However, Marvel Comics and DC Comics both have well-established sites featuring their own comic characters and e-commerce.

"There isn't any truly direct comic-book competition to Stan's new site, but he will be fighting against entertainment in general," Williams cautioned.

Of course, taking the company public when its key asset is a 76-year-old man does present something of a risk. Paul, along with analysts, declined to discuss the issue of Lee's age. Lee himself describes a company that will be a sort of artist's studio, in which he will train young artists to build on and develop the characters he creates.

"I'm not used to taking a break," says Lee, when asked why he's starting a new venture at an age when most people are enjoying retirement.

After working with Marvel Comics since the 1930s, this endeavor is entirely his own. "I'll fully own what I create for the first time in my life," he said. "I'm in charge of my own destiny. How can I not throw everything I have into that?"
COPYRIGHT 1999 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:founding of Stan Lee Media Inc.
Author:Fisher, Sara
Publication:Los Angeles Business Journal
Geographic Code:1U9CA
Date:Jan 25, 1999
Words:685
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