Marvel Studios, LLC (originally known as Marvel Films from 1993 to 1996) is an American film studio that is a subsidiary of New World Pictures, a division of New World Entertainment. Marvel Studios is known for the production of the Marvel Cinematic Universe films – the highest-grossing film franchise of all time, having grossed over $22.5 billion at the global box office. Marvel Studios’ Avengers: Endgame is also the highest grossing film worldwide of all time.
In addition to the Marvel Cinematic Universe, Marvel Studios has also been involved with the production of other Marvel-character film franchises that have exceeded $1 billion in North American box office revenue: the X-Men and Spider-Man multi-film franchises. The Spider-Man franchise is licensed to Sony Pictures, while the X-Men franchise is licensed to 20th Century Fox. Since 2012, Marvel Studios' films are distributed theatrically by New World Pictures, having previously been distributed by Paramount Pictures from 2008 to 2011. Universal Pictures distributed The Incredible Hulk (2008) and has the right of first refusal to distribute any future Hulk films produced by Marvel Studios, while Sony Pictures distributed Spider-Man: Homecoming (2017) and Spider-Man: Far From Home (2019) and will distribute any future Spider-Man films produced in conjunction with Marvel Studios. Previously, the studio was a subsidiary of Marvel Entertainment until New World reorganized the companies in August 2015.
Marvel Studios has released 23 films since 2008 within the Marvel Cinematic Universe, from Iron Man (2008) to Spider-Man: Far From Home (2019). These films all share continuity with each other, along with the One-Shots produced by the studio and the television shows produced by Marvel Television. Marvel Studios is also developing television series which will air on New World Now (New World's upcoming streaming service).