According to a report by Deadline, Marvel and Disney will now be parting ways with the Spider-Man franchise "because of an inability by Disney and Sony Pictures to reach new terms that would have given the former a co-financing stake going forward".
Tom Holland's Spider-Man has successfully web-slinged its way to the top of the box office, as Spider-Man: Far From Home has now become Sony Pictures' highest-grossing global release ever.
"There is a lot of webbing here, but it all comes down to money, and it's easy to understand why both sides refused to give ground". Led by Tom Rothman and Tony Vinciquerra, Sony just simply didn't want to share its biggest franchise.
Marvel didn't return a request for comment.
See what they're saying on Twitter below.
. Not bad for your average friendly neighborhood Spider-Man. Find out more about the SonyMarvel Spider-Man deal ending below. Fans are now livid at one of the film studios.
The dispute stems from Disney's demand that future Spider-Man films would be financed on a 50/50 basis, while Sony proposed keeping the arrangement under the current terms, which stipulate that Marvel receives about 5% of first-dollar gross. What are Sony's plans with the character? There are also potential spin-off movies featuring Silver Sable and Black Cat and the Sinister Six, which was originally scrapped after the lackluster performance of The Amazing Spider-Man 2.
Feige has been listed as a producer on every Spider-Man film, dating back to 2002's Spider-Man. Feige is most likely not in charge of these movies.
However, the webslinger may not appear in future Marvel films, reports say. Jon Watts directed the movie, with Chris McKenna and Erik Sommers writing the script. Kevin Feige and Amy Pascal produced the project, with Louis D'Esposito, Victoria Alonso, Thomas M. Hammel, Eric Hauserman Carroll, Rachel O'Connor, Stan Lee, Avi Arad, and Matt Tolmach serving as executive producers.