Failed negotiation between Sony Pictures and Disney has resulted in the exit of the friendly neighbourhood Spider-Man from the Marvel Cinematic Universe (MCU).
The discussions between the two studios were being held for the renewal of the deal that would have enabled the web slinger to continue to appear in the money-minting MCU, according to Deadline.
The demand for a 50/50 co-financing arrangement for future Spider-Man movies was made by Disney, which owns the Kevin Feige-led Marvel Studios, which also meant that the profits from such production would also have to be shared in a similar proportion.
Feige and Marvel were removed as producers of the future projects by Disney following the denial of Sony to agree on the new terms posed by Disney.
“Much of today’s news about Spider-Man has mischaracterised 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,” said a Sony spokesperson in a statement. And even though Marvel will not involved in the production of Spider-Man films, the studio will continue to develop such films, the spokesperson further added.
“We hope this might change in the future, but understand that the many new responsibilities that Disney has given him – including all their newly added Marvel properties – do not allow time for him to work on IP they do not own. Kevin is terrific and we are grateful for his help and guidance and appreciate the path he has helped put us on, which we will continue,” it added.
Sony has been a part of every Spider-Man films ever since it had acquired the rights of the character back in 1985. The highly-successful Spider-Man trilogy in the 2000s was produced by the studio.
The deal between Sony and Marvel that would ensure that the widely popular character continues to appear in the MCU was revealed by the former in 2015 which surprised all the Spidey fans. The new Spider-Man was British actor Tom Holland who debuted in the film “Captain America: Civil War” in 2016. In response, two “Avenger” films as well as two solo projects were produced by Holland with latest being the “Spider-Man: Far From Home”.
It was just a few days ago that Sony had announced that its film “Far From Home” had turned out to be the movie that drew the highest revenues every with gross revenues of over USD 1 billion throughout the world. This was the reason that the latest development has come as a shock to many.
Director Jon Watts and Holland are being brought back by Sony as it is reported to be developing two more stand-alone Spider-Man films. A catalogue of Spider-Man spin-offs is also being developed by the studio.
(Adapted from LiveMint.com)