Exhibit 23.2

                        Consent of Independent Auditors

We  consent  to the  reference  to our  firm  under  the  caption  "Experts"  in
Post-effective  Amendment  No. 2 to the  Registration  Statement  (Form  S-3 No.
333-68019) and related Prospectus of Marvel Enterprises, Inc. (formerly Toy Biz,
Inc.)  for the  registration  of  36,420,655  shares  of its  common  stock  and
15,673,524 shares of its 8% cumulative convertible exchangeable preferred stock,
and to the  incorporation  by  reference  therein of our report  dated April 14,
1998,  with respect to the  consolidated  financial  statements  and schedule of
Marvel  Entertainment Group, Inc. included in its Annual Report (Form 10-K/A for
the year ended  December  31,  1997,  filed  with the  Securities  and  Exchange
Commission.


                                                       /s/ Ernst & Young LLP



New York, New York
August 10, 1999