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Marvel filed for personal bankruptcy on Oct 1, 1998, right after losing $105 million within the calendar year 2000 (Elberse, 2004). On the other hand, it recovered miraculously in only 3 and a 50 percent several years, and by June 2004, it was financial debt-cost-free. Comic guide profits were being the company’s big supply of revenue when it absolutely was begun while in the 1930s. Marvel had made a name for itself with characters like The Human Torch, The Sub-Mariner, and Captain The us, although the comic reserve organization collapsed in the next a long time as dad and mom apprehensive they were being risky for their young children.

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