Marvel Studios will not be involved with the production of future Spider-Man movies unless Sony and Disney reach with a new agreement.
Sony Pictures and Marvel Studios had a prosperous working relationship and made multiple billion dollar-grossing films. Recently Sony Pictures has officially announced that they don’t need the MCU anymore.
Disney had been seeking a co-financing arrangement on upcoming movies, looking for at least a 30 percent stake. Sony, which counts Spider-Man as one of its only reliable moneymaking franchises, said no.
In the next month and a half, Far From Home would go on to catch $1.109 billion in the box office web, becoming Sony’s biggest movie of all time.
With the help of Marvel Studios boss Kevin Feige, Sony has apparently bolstered its confidence and approach. They have two hits under their belt with the Venom spinoff and the animated award-winning picture Spider-Man: Into the Spider-Verse.
Sony posted a tweet blaming Disney for everything by saying, “Much of today’s news about Spider-Man has mischaracterized recent discussions about Kevin Feige’s involvement in the franchise. 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.”
Disney and Sony were in different places when the idea of a co-operation was broached in 2014. Sony Pictures Entertainment co-chairperson Amy Pascal reached out to Feige and over lunch made a proposal.
There was a simple agreement made which said that Sony would loan Spider-Man out for one film, Captain America: Civil War, and in return, Sony would get Feige’s producing service for two movies. The deal was later revised to include both Avengers: Infinity War and Endgame.
Sony’s slate is less diverse, and while it is moving ahead with spinoffs and a sequel to Venom.