Iron Man: Derby 2008

Iron Man is set to be released on May 2, 2008. In other words, the movie will not do well locally due to the Kentucky Derby that weekend.

Jon Favreau is directing the comic book movie based on the Marvel Comics title of the same name.

Following in the footsteps of such comic book film openings as "Spider-Man" and "X2: X-Men United," Marvel armored avenger "Iron Man" is staking out an early May release date.

The Paramount Pictures and Marvel Entertainment film is scheduled to open May 2, 2008, the studio said Thursday. Directed by Jon Favreau, the project marks the first motion picture to be produced by Marvel under its alliance with the Viacom Inc.-owned studio.

"Iron Man," based on the best-selling comic book character, is the first feature film to be produced independently by Marvel Entertainment and also marks the first film project under former Marvel Studios CEO Avi Arad's newly launched production company, Avi Arad Prods.

The film is expected to be financed through Marvel's $525 million revolving film-financing facility.