Marvel Entertainment Inc raised its film unit’s 2008 revenue outlook following initial payments of $60 million from Viacom’s Paramount Pictures — the distributor of the comic book publisher’s “Iron Man” movie.

Paramount will also distribute Marvel’s next five self-produced feature films across the world, the two companies said in a separate statement.

Marvel expects 2008 revenue from its film production segment between $125 million and $140 million, compared with a prior forecast of $65 million to $80 million, according to a regulatory filing.

The initial payment from Paramount to Marvel was not offset by any production or marketing expenses related to the “Iron Man” DVD release, Marvel, which entered the film-making market with “Iron Man” and “The Incredible Hulk” in the second quarter, said in the regulatory filing.

Under an agreement between the companies, Paramount will distribute a slew of forthcoming movies from the Marvel stable, including “Iron Man 2,” “Thor,” “The First Avenger: Captain America,” and “The Avengers.”

Marvel’s distribution deal with Paramount, which capitalizes on “Iron Man”’s success, will help the latter offset a potential big loss should it lose distribution of DreamWorks films.

Earlier this month, DreamWorks reached a long-expected deal with India’s Reliance ADA Group for $1.2 billion in new financing to leave Paramount and produce movies as an independent studio. But DreamWorks must still reach a film distribution deal with a major Hollywood studio.

Shares of Marvel, which houses a cast of more than 5,000 characters including Spider-Man and X-Men, were down 5 percent at $32.77, while Viacom’s stock was down 7 percent at $23.65 Monday afternoon, both on the New York Stock Exchange.

The debut of “The Incredible Hulk” trailer released Wednesday night comes on the background of some dissensions between the lead actor Edward Norton and the Marvel Studios execs, over the film’s final cut, Deadline Hollywood reports.

Insiders say that Norton “was promised tremendous involvement and access” into the movie, and now there is “a lot of posturing going on between Edward’s camp and Marvel over how you edit the final version.”

The sources, which were not named, have also revealed that Norton has been meeting with Marvel Studios Chairman David Maisel, Marvel Studios president of production Kevin Feige, and director Louis Leterrier, and they are all trying to “reach an amicable resolution” to this feud.

Norton rewrote the scrip of the $150+ million production, and he is also the lead actor playing the role of Bruce Banner, which has been previously portrayed by Eric Bana in 2003.

The movie is due to be released on June 13 this year.

Norton has expressed his views as far as editing is concerned with other films, such as “Frieda” and “Keeping the Faith.” “[…] to me the whole thing was to envision it in multiple parts. We left a lot out on purpose. It’s definitely intended as chapter one,” Norton said in an interview earlier this year.

“The Incredible Hulk” is directed by Louis Leterrier, and is said to be more action-oriented than Ang Lee’s 2003 flick.

Incredible Hulk Trailer With Ed Norton