Update 9-30-2008 - by Justin Vactor

Paramount in as the worldwide distributor of Marvel’s next five self-produced feature films. The properties earmarked for inclusion in the deal are “Iron Man 2″ (May 7, 2010) and “Iron Man 3,” as well as “Thor” (July 16, 2010), “The First Avenger: Captain America” (May 6, 2011) and “The Avengers” (July 15, 2011).

Source: The Hollywood Reporter

Paramount Pictures and Marvel Studios have entered into a distribution agreement for the next round of Marvel pictures. The story was originally broken by Nikki Finke at Deadline Hollywood before an announcement was made by Paramount later today.

The announcement reads:
”Coming off of Iron Man’s incredible success this summer, we could not be more excited about extending our relationship with Marvel,” said Rob Moore, Vice Chairman of Paramount Pictures. “Marvel’s iconic brand, its popular characters and its proven ability to create compelling and visually spellbinding films complement Paramount’s great history of filmmaking. We look forward to a long and successful run together.”

“Paramount is an excellent partner and an outstanding global distributor,” said David Maisel, Chairman of Marvel Studios. “Through our experience on Iron Man, Paramount has demonstrated a passion and ability to release Marvel properties theatrically, allowing us to focus on making great movies for the largest audience possible.

All I have to say is yay for Paramount especially now they do not have Dreamworks to worry about.