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Marvel Studios - The First Independent Hollywood Studio Since the DreamWorks Era
In 2005, after a few of these huge successful movies based on Marvel IP have come out from other studios, Marvel actually takes a really ambitious step to start Marvel Studios. And so they raise 525 million in debt in a credit facility from Merrill Lynch. Ironically, like right before Merrill Lynch went bankrupt in the recession,. But they get a film financing vehicle from Merrill and create the first kind of major independent Hollywood studio since kind of the DreamWorks era.