Marvel reported 4th quarter revenue of $742.7 million which was below estimates of $752 million. For 2012 revenue was down 6%. On the conference call management blamed 4% of the decrease in revenues on the floods in Thailand. Marvel bought back 13.5 million shares for the quarter costing approximately $186 million. Although it was a tough year for Marvel, the company has positioned itself to deliver steady improvements in the future. China is expected to continue to grow and the integration with new products such as Google TV are expected to contribute significantly to future revenue streams.