BREAKING: Spider-Man Returns to the MCU as Sony, Marvel Studios Make Up
Disney’s Marvel Studios and Sony have resolved their differences and will make a third Spider-Man solo film set in the Marvel Cinematic Universe.
On Friday, the two companies jointly announced that Marvel Studios and its president, Kevin Feige, will produce the third film in the “Spider-Man: Homecoming” series. It will once again feature Tom Holland reprising his role as the titular hero. The rumor mill roared back to life this week with hints that the two companies were close to brokering a new agreement.
Over the summer, news broke that the Disney, Marvel’s parent company, and Sony had reached an impasse over a new financing deal. Disney wanted the film to be financed on a 50/50 basis, with Feige remaining in a consulting producer capacity. Sony is believed to have proposed keeping the arrangement under the current terms, which stipulate that Marvel receives about 5% of first-dollar gross and all merchandising revenues.
The deal, which was negotiated by Sony Pictures chief Tom Rothman, Kevin Feige and Walt Disney Studios head Alan Horn, was signed on Thursday night. It gives Marvel and Disney roughly 25% of the profits, according to Variety, and Disney retains merchandising rights. The deal also includes Spider-Man’s appearance in one future Marvel Studios film.
The new solo film will be released 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,” Kevin 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.”
We’ll update this story as it develops.
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