EXHIBIT 23.1

                         CONSENT OF INDEPENDENT AUDITORS

     We consent to the  incorporation by reference in  Post-Effective  Amendment
No.  2 to  the  Registration  Statement  (Form  S-3  No.  333-68019)  of  Marvel
Enterprises,  Inc. (formerly Toy Biz, Inc.) and in the related Prospectus of our
report  dated  February 21, 2003,  with  respect to the  consolidated  financial
statements  and schedules of Marvel  Enterprises,  Inc.  included in this Annual
Report (Form 10-K) for the year ended December 31, 2002.


/s/ Ernst & Young LLP

New York, New York
March 18, 2003