Season 2 of Geekstorians continues with the corporate disaster that accidentally redrew modern pop culture.

In ‘The Fire Sale Blueprint’, Dave looks at how Marvel’s bankruptcy in the 1990s led to one of the strangest and most important chain reactions in film history. As the company collapsed under debt, many of its biggest characters were licensed or sold off in deals that looked sensible at the time and faintly insane in hindsight.

Spider-Man, X-Men, Fantastic Four and others ended up in other studios’ hands. What Marvel was left with looked, at the time, like the second-string cupboard. Iron Man, Thor, Captain America, Black Panther, The Avengers. Characters with history, but not the kind of obvious Hollywood heat attached to Spider-Man or the X-Men.

That bad hand turned out to be the hand that changed everything.

This episode follows the path from Ronald Perelman’s debt-loaded takeover of Marvel, through the bankruptcy fight involving Carl Icahn, Isaac Perlmutter and Avi Arad, to the strange reality in which the company’s most famous heroes became someone else’s blockbuster and the leftovers became the foundation of the Marvel Cinematic Universe.

It is also the story of how Blade, X-Men and Spider-Man proved the value of Marvel characters on screen, while Kevin Feige, Jon Favreau and Robert Downey Jr. helped turn the characters nobody wanted into the centre of the biggest shared universe in film history.

If the earlier episodes in Season 2 were about collapse and survival, this one is about something slightly stranger: how a financial disaster became a design document.

Geekstorians is a documentary-style podcast from Dave Elliott of Geektown, exploring the hidden history of geek culture, fandom, film, television, comics and gaming.

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