New World Animation Ltd., formerly known as Marvel Productions, was the television and film studio subsidiary of the Marvel Entertainment Group, based in Hollywood, Los Angeles, California. It later became a subsidiary of New World Entertainment and eventually of News Corporation (Fox Entertainment Group). Marvel Productions produced animated television series, motion pictures, and television specials such as Spider-Man and His Amazing Friends, The Incredible Hulk, My Little Pony: The Movie, The Transformers: The Movie, and G.I. Joe: The Movie as well as The Transformers and G.I. Joe: A Real American Hero television series. Most of Marvel Productions/New World Animation's non-Hasbro-related back catalog (with the exception of Dungeons & Dragons) is currently owned by The Walt Disney Company. History DePatie–Freleng Enterprises (1963–1981) The company began in 1963 as DFE Films, and was sold to Cadence Industries, Marvel Comics Group's owner, in 1981 after DFE founder and company executive Friz Freleng departed the company to return to his former job at Warner Bros. Animation. Freleng's business partner and DFE co-founder David H. DePatie continued to work for the company under the Marvel banner for several years until his retirement. Marvel Productions (1981–1993) Marvel Productions opened its Los Angeles studio in 1981. In 1984, Margaret Loesch joined Marvel Productions as President and Chief Executive Officer. Marvel Comics Group, owned by Cadence Industries Corporation since 1968, was sold to New World Pictures in 1986 along with Marvel Productions and incorporated as Marvel Entertainment Group (MEG). With New World having cash flow problems, MEG was sold in January 1989 to Andrews Group, a MacAndrews and Forbes subsidiary, owned by Ronald Perelman. However, New World kept Marvel Productions and merged it with its own television business. MP moved their offices from Van Nuys to West Los Angeles in May 1989. New World's problems continued, which led them to also be acquired by the Andrews Group within the year. Loesch left for Fox Kids in 1990. In December 1992, New World formed New World Family Filmworks and New World Action Animation, headed by Marvel Productions president Rick Ungar, to produce $20 million worth of family entertainment programming. New World Animation (1993–1996) Marvel Productions was renamed New World Animation in November 1993. In 1994, Marvel and New World started up Marvel Films including Marvel Films Animation. New World Animation (The Incredible Hulk), Saban Entertainment (X-Men), and Marvel Films Animation (Spider-Man), each produced a Marvel series for television. Tom