Marvel Gets Credit
Marvel Enterprises has secured a $60 million credit line from Citibank. This lends credence to rumors that it is interested in taking over Harvey Entertainment which owns the rights to many animated and comic book characters such as Casper the Friendly Ghost and Richie Rich. Three years ago, Marvel Entertainment Group filed for bankruptcy. Toy Biz, which had been a subsidiary, acquired the bankrupt Marvel Entertainment Group, then created Marvel Enterprises as the umbrella company.