Good news for Spider-Man fans: It looks like the web-slinger is back in the Marvel Cinematic Universe.
On Friday (Sept 27), Sony Pictures and Marvel Studios (and their owners Disney) have reached a new agreement that allows Spidey to play in the MCU sandbox, after being briefly booted out of the playground.
In August, Sony and Marvel had a falling out over how the Spider-Man movies should be produced. Disney reportedly wanted a 50/50 financing deal, whereas Sony, who owns the character’s movie rights, wanted the original pact where Disney receives five per cent of first-dollar gross and all of the merchandising profits.
According to Variety, the new contract will see Marvel and Disney receiving about 25 per cent of the profits, and Disney retaining the merchandising rights and putting up a quarter of the financing for the next Spider-Man adventure that’s scheduled for released in July 2021. The deal also includes a Spidey appearance in a separate Marvel Studios picture. (Shang-Chi: The Legend of the Ten Rings? Doctor Strange in the Multiverse of Madness? The fifth Avengers?)
In a statement, Marvel Studios president Kevin Feige says, “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.”