EXHIBIT 23.1

                        CONSENT OF INDEPENDENT AUDITORS

We consent ot the  reference  to our firm under  "Experts"  in the  Registration
Statement  (Form  S-3  No.333-68019)  and  the  related   Prospectus  of  Marvel
Enterprises,  Inc.  for the  registration  of Class B  Warrants,  8%  Cumulative
Convertible   Exchangeable   Preferred   Stock  and  Common  Stock  and  to  the
incorporation by reference of our report dated February 20, 2001 with respect to
the consolidated  financial  statements of Marvel Enterprises,  Inc. included in
its Annual Report on (Form 10-K) for the year ended December 31, 2000 filed with
the Securities and Exchange Commission.

                                                /s/ Ernest & Young LLP

New York, New York
March 29, 2001