The studio has been involved in three Marvel-character film franchises to have exceeded one billion dollars in North American revenue: the X-Men, Spider-Man, and Marvel Cinematic Universe multi-film franchises, with X-Men and Spider-Man licensed out to 20th Century Fox and Sony Pictures, respectively. Marvel Studios' films are distributed by Walt Disney Studios Motion Pictures; Paramount Pictures from 2008 to 2011; Universal Pictures for 2008's The Incredible Hulk; and Sony Pictures for the Spider-Man film scheduled for release on July 28, 2017