Sony and Disney have struck a new deal which will let spidey return back to the Marvel Cinematic Universe.
The two companies jointly announced that Marvel Studios and its president, Kevin Feige are set to produce the third film in the “Spider-Man: Homecoming” series. The film will once again feature Tom Holland as the titular hero. It is scheduled for release on July 16, 2021.
“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,” said Feige. “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.”
In August, news broke that Walt Disney Studios, Marvel’s parent company, and Sony Pictures were parting ways over a financial dispute. Disney wanted the revenue earned from the Spiderman franchise to be shared on a 50/50 basis, instead of the 5 percent cut from the first dollar gross and merchandising revenue it was receiving earlier. Sony refused to this proposed deal. As a result, Disney opted out of the partnership, removed Kevin Feige and Marvel Studios from overseeing Sony’s future spiderman-films and took out the spider-man character from the Marvel universe.
Sony released a statement expressing disappointment with Disney’s decision:
They took to Twitter to write: “We are disappointed, but respect Disney’s decision not to have him continue as a lead producer of our next live action Spider-Man film. We hope this might change in the future, but understand that the many new responsibilities that Disney has given him – including all their newly added Marvel properties – do not allow time for him to work on IP they do not own. Kevin is terrific and we are grateful for his help and guidance and appreciate the path he has helped put us on, which we will continue.”
According to insiders, the new deal between the two studios stipulates that Sony and Marvel will have a 25% share of the profits. Disney will be involved in about a quarter of the financing and spider-man will appear in a future film by Marvel.
Robert Lawson, Chief Communications Officer for Sony Pictures Entertainment expressed enthusiasm over the deal: “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. We are delighted to be moving forward together.”
The film is scheduled for release on July 16, 2021 and fans are here for it!