Raleigh Studios, the quiet, out-back Eastern Melrose Ave. studio, will open its latest configuration partnered with comic-book conglomerate Marvel Studios in Manhattan Beach.

The new location will not only employ hundreds of studio employees, handling and monitoring several soundstages and editing bays, it will shoot and produce the next four Marvel films over the next three years: "Iron Man 2," "Thor," "The First Avenger: Captain America" and "The Avengers."

Raleigh will move its Beverly Hills-based executive and production offices to Raleigh's facility in Manhattan Beach. It will mean the first major production investment in a Hollywood studio location in literally the last decade and certainly the first from the comic book realm. Inside sources have maintained that as much as $600 million could be spent on budgets for these four films, and another $300 million on marketing.

With the huge success that Paramount enjoyed with the domestic release of "Iron Man" and the international split with Sony, Universal and Universal International, it's no surprise that they were eager to work with Marvel executives to help facilitate this new studio on the block.

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