Walt Disney Studios, following their acquisition of Marvel Enterprises, has just come to an agreement with Paramount Pictures under which Paramount will hand over its worldwide marketing and distribution rights to Disney for the upcoming Avengers movie and Iron Man 3.

“In completing this agreement, Disney will now assume worldwide marketing and distribution of ‘The Avengers’ and ‘Iron Man 3’ and leverage these two highly anticipated films across the multiple global platforms of The Walt Disney Company,” said Rich Ross, Chairman of The Walt Disney Studios. “We appreciate the tremendous momentum that Paramount established with these iconic Marvel characters and look forward to propelling the brand even further in the coming years.”

Disney will pay Paramount $115 million for the transfer of the distribution rights to Iron Man 3 and The Avengers to be paid on the theatrical release dates. The Avengers is still scheduled for a 4th May 2012 release and Disney has now announced that they plan to release the next installment in the Iron Man franchise on 3rd May 2013. Good times.