Spider-Man out of the Marvel Cinematic Universe.
In a shocking turn of events, Marvel studios will no longer be involved in producing Spider-Man films.
Much to the devastation of fans, Marvel Studios president Kevin Feige pulled out of producing more Spider-Man films, owing to disputes between Sony, which still holds rights to the character and Marvel's parent company Disney over revenue-sharing from the previous Spider-Man films.
This indicates that Marvel's summer release Spider-Man: Far From Home, could be the last time we see crossovers from characters like Robert Downey Jr's Iron Man or Samuel L Jackson's Nick Fury in the forthcoming Spider-Man films. The previous film was Spider-Man: Homecoming, which hit the screens in 2017.
A representative from Sony commented, "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.
"According to Deadline, the root of the problem is money of course. Disney asked whether future Spider-Man films should be 50/50 co-productions between Disney and Sony, instead of the current negotiation, which is to give Marvel and Disney 5 percent of gross box office revenue.
Sony believes that the combination of Tom Holland (the current Spider-Man), director John Watts and producer Amy Pascal will be enough to keep the Spider-Man franchise going.
In 2015, Marvel and Sony agreed on a deal over Spider-Man in 2015, which allowed the character to appear in different crossover Marvel films, though Sony maintained the rights to the character and was responsible for financing and distributing "final creative control". Tom Holland was roped in as Spider-Man and he did three Disney films, Captain America: Civil War, Avengers Infinity War and Endgame, as well as in two Marvel-produced and Sony solo films.
Fans are devastated with the news and #SaveSpiderMan has been trending on Twitter. In fact, even Jeremy Renner, who played the role of Hawkeye in the Marvel films tweeted, "Hey @sonypictures we want Spider-Man back to @therealstanlee and @marvel please, thank you #congrats #spidermanrocks."
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