Disney, Stan Lee sign exclusive deal

LOS ANGELES (Reuters) - Walt Disney Studios, a unit of The Walt Disney Co., said on Wednesday it signed an exclusive multi-year deal with Stan Lee, the creator and producer of Spider-Man and his production company POW! Entertainment Inc..

Under the terms, Lee and his company will develop and produce all forms of entertainment, the Walt Disney unit said in a statement.

Lee is often cited as the creator and inventor of the modern superhero, whose body of work and compelling characters helped revolutionize the entertainment industry.

Some of his most enduring characters include Spider-Man, The Incredible Hulk, X-Men and The Fantastic Four, which have transcended the comic book genre into successful films.