Spider-Man is back in the MCU after new deal from Disney and Sony

Credit: Sony Pictures

There was a rift between Sony Pictures and Disney when the latter wanted a 50% co-financing arrangement for future Spider-Man films. Sony thought that was a bit much and decided to back out. There were sad fans who didn’t want to see the Web-slinger leave the Marvel Cinematic Universe. There are other fans excited that Disney didn’t have more control. We have some good news for fans of Spider-Man in the MCU. Today, Marvel Studios announced that it will be producing the third Spider-Man film in the MCU with Tom Holland reprising his role as Peter Parker.

The short-lived breakup happened when Disney wanted to have more stake in the Spidey films. However, Sony was happy with the current agreement where Marvel only received 5% of first-dollar gross and all the revenue from merchandising.

A new deal was created, and it was signed on Thursday night. Sony Pictures chief Tom Rothman, Marvel Studios president Kevin Fiege, and Walt Disney Studios co-chairmen Alan Horn & Alan Bergman, and others all participated in the negotiations. According to Variety‘s insiders, Marvel and Disney will be getting around 25% of the profits as well as putting up 25% for financing. Merchandising revenue will be the same with Disney getting all the rights. This means that Spider-Man will appear in an upcoming Marvel Studios film under Disney.

The next Spider-Man film hits theaters on July 16, 2021, with Amy Pascal producing under Pascal Pictures.

“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,” Feige said in a statement. “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.”

“This is terrific,” Pascal said. “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.”

“We have had a great collaboration over the last four years, and our mutual desire to continue was equal to that of the many fans,” said Robert Lawson, chief communications officer for Sony Pictures Entertainment. “We are delighted to be moving forward together.”

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