Deadline is reporting that Marvel Studios is done producing Spider-Man movies. This is due to Disney and Sony Pictures failing to reach new a new deal that would give Disney a co-financing stake moving forward.
A dispute at the top levels of both companies has resulted in Kevin Feige, president of Marvel Studios, being removed from future Spider-Man projects. Disney was hoping for a 50/50 co-financing agreement between the two studios; however, Sony refused the offer proposing instead to keep a similar arrangement that was in place for the first two Spider-Man MCU movies. Disney would only receive five percent of the first-dollar gross.
Side Note: The first-dollar gross is a practice in film-making in which the participant receives a percentage of the gross box office revenue from a film’s first day of release. They begin sharing in the profits from the first ticket sale instead of waiting until the film studio turns a profit. (Thanks to Wikipedia!)
This is terrible news! Sony will take back control of Spider-Man and his film franchise. He will also no longer appear in the MCU. One has to ask what Sony execs were thinking when this decision was made. I’m not a fancy businessman, but as I see it, Sony wasn’t making billion-dollar Spider-Man movies before Marvel stepped in and now they are. Are they doing this out of greed? Ego? All of the above? Kevin Feige has a nearly flawless track record with running the MCU. Why Sony wouldn’t want him helping with their properties is beyond me.
The report notes that there are two more Spider-Man films in the works that are meant to have director Jon Watts and Tom Holland front and center. Given the events of Far From Home, I find it hard to believe that Sony can simply pick up where things left off without some serious questions being left unanswered. What about Nick Fury? And isn’t Spider-Man the leader of the Avengers now? If he’s gone, who’s in charge? And won’t Aunt May be lonely without Happy Hogan around?
Hopefully, this isn’t truly the end of Spider-Man in the MCU and Sony comes to their senses. I suppose that time will tell.
What do you think about this news? Are you optimistic that Disney and Sony will reach an agreement or are you resigned to the fact that this the end of Spider-Man movies as we know them?