Following the divorce of the century which would have saw Disney lose custody to use Spider-Man in the MCU, both Disney and Sony Pictures have patched things up and came to a new agreement for the webslinger.
Variety revealed that Marvel Studios, along with president Kevin Feige would produce a third film in the Spider-Man series set in the MCU, which will once again feature Tom Holland as Spidey. The film is set to hit screens July 16, 2021. Amy Pascal will also produce through Pascal Pictures.
Spider-Man will also appear in another as yet unspecified Marvel movie in the MCU. Could this be another team up? Perhaps another Avengers film?
News broke in August that the two studios were at loggerheads, with Disney reportedly asking for a 50/50 co-financing agreement between the two studios for future Spider-Man films, but Sony turned it down, wanting all terms to remain the same from the initial deal. Disney refused, and it looked like Spidey was on his way out. But time heals everything as you can see.
Here are the details on the new deal per Variety:
The new deal was signed late on Thursday night. Negotiations involved top players from both studios, including Sony Pictures chief Tom Rothman, Feige and Walt Disney Studios co-chairs Alan Horn and Alan Bergman. In exchange for lending Feige’s producing prowess, Marvel and Disney will receive roughly 25% of the profits, according to insiders. Disney will retain its merchandising rights and will put up roughly a quarter of the financing. As part of the arrangement, Spider-Man will also appear in one future Marvel Studios film.
Marvel President Kevin Feige had this to say on the announcement:
“I am thrilled that Spidey’s journey in the MCU will continue, and I and all of us at Marvel Studios are very excited that we get to keep working on it, Spider-Man is a powerful icon and hero whose story crosses all ages and audiences around the globe. He also happens to be the only hero with the superpower to cross cinematic universes, so as Sony continues to develop their own Spidey-verse you never know what surprises the future might hold.”
Amy Pascal also welcomed the news:
“This is terrific, Peter Parker’s story took a dramatic turn in ‘Far From Home’ and I could not be happier we will all be working together as we see where his journey goes.”
It’s great news all-round, especially with what happened at the end of Far From Home. It would have been extremely awkward trying to explain Spider-Man’s absence going forward. It’s not something they could have easily glossed over a la Terrence Howard. Here’s hoping this deal can be extended, again and again and again.