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Can you please type the background please says In the late 1970s, DePatie-Freleng Enterprises had produced two shows for Marvel Comics, namely The New Fantastic Four and Spider-Woman. By 1980, co-founder Friz Freleng left the studio for the reopening of the animation department for Warner Bros. Marvel Comics Group bought out DFE on June 19, 1980, and it was renamed to Marvel Productions. Co-founder David H. DePatie continued working for the company as studio head until his retirement in 1985. In 1983, Marvel Productions joined forces with Sunbow Entertainment, who ended their venture in 1987. In 1986, Cadence Industries was liquidated and sold Marvel Entertainment Group to New World Pictures, both of which later became part of New World Entertainment. Although MEG was later sold, New World kept hold of Marvel Productions, and in 1992, the studio became part of a new division of New World, called New World Family Filmworks. A year later, the studio was renamed as New World Animation. his incarnation of Marvel was founded in 1993 as Marvel Films, as a joint-venture between Marvel Entertainment Group and New World Entertainment. The venture also held an animation studio - Marvel Films Animation, to produce animated content for television as well. In 1996, the company formed Marvel Studios and signed a seven-year development deal with 20th Century Fox to produce movies based on some of their franchises, and soon signed a deal with Artisan Entertainment as well. Marvel would eventually license their properties to other studios, which was distributed such as New Line Cinema (for Blade), Universal Pictures (for Hulk), 20th Century Fox (for X-Men, Daredevil, Elektra, and Fantastic Four), Sony Pictures (for Spider-Man and Ghost Rider), and the mini-major studio Lionsgate Films (while Sony Pictures also distributed outside of the US for The Punisher) for films and television. In 2005, Marvel signed a distribution deal with Paramount Pictures to initially distribute at least 10 movies based on their properties. As part of the deal, Marvel secured funding from a seven-year $525 million revolving credit facility with Merrill Lynch. Later on, Marvel signed a deal with Universal to distribute The Incredible Hulk. Marvel later signed distribution deals with Concorde Filmverleih in Germany, SND in France, Sony Pictures Releasing International in Spain and Japan among others to distribute films set in the Marvel Cinematic Universe. On August 31, 2009, The Walt Disney Company announced that it would acquire Marvel Entertainment; the transaction was finalized on December 31. However, due to grandfathered contracts, Fox retained the film rights to the X-Men and Fantastic Four franchises until 2019, when the rights went back to Marvel due to Disney’s purchase of Fox. In 2010, Paramount transferred distribution rights to The Avengers and Iron Man 3 (except in Germany) to The Walt Disney Studios. Marvel/Disney made a deal with Sony to share control of Spider-Man in 2015 while the rest of the characters' licenses lapsed and reverted back to Disney. Coincidentally, Disney already had the rights to the Marvel Productions library due to their acquisition of Fox Family Worldwide eight years before the purchase. In June 2023, Universal reverted the rights to The Incredible Hulk back to Walt Disney Pictures under Marvel Studios.

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