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Favreau's 'Iron Man' Works to 2008 Release

Following in the footsteps of such comic book film bows as "Spider-Man" and "X2: X-Men United," Marvel armored avenger "Iron Man" is staking out an early May release date.

The Paramount Pictures and Marvel Entertainment film is scheduled to open May 2, 2008, the studio said Thursday. Directed by Jon Favreau, the project marks the first motion picture to be produced by Marvel under its alliance with the studio.

"Iron Man," based on the best-selling comic book character, is the first feature film to be produced independently by Marvel Entertainment and also marks the first production under former Marvel Studios CEO Avi Arad's newly launched production company, Avi Arad Prods.

The film is expected to be financed through Marvel's $525 million revolving film-financing facility.

"Spider-Man" opened May 5, 2002, with a record-breaking $115 weekend haul. "X2" bowed May 4, 2003, at No. 1 with an $86 million weekend tally.

Tatiana Siegel and Borys Kit write for The Hollywood Reporter.

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