Marvel Entertainment Chairman Ike Perlmutter Out at Disney

Perlmutter's Marvel Entertainment division -- not associated with Kevin Feige's Marvel Studios -- will be folded into other parts of Disney.

The billionaire, who sold the comic book giant Marvel to Disney in 2009, was told Wednesday that Disney is folding his

unit into other pats of the company, and that he would be let go. Marvel Entertainment is focused mostly on consumer products and is not part of the lucrative Marvel Studios division led by Kevin Feige.

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