Paramount Pictures has agreed to transfer marketing and distribution rights to Disney for Marvel Studios' The Avengers and Iron Man 3. Disney will pay Paramount $115 million for the rights.

The deal also includes the rights to the previously released Iron Man and Iron Man 2 films.

"Paramount has been a wonderful partner in helping Marvel Studios bring our characters to the big screen," says Alan Fine, office of the president, Marvel Worldwide. "This agreement makes sense now that Marvel is part of The Walt Disney Company."

Paramount is still on board to release Marvel Entertainment's Thor (May 6, 2011) and Captain America (July 22, 2011) worldwide.