Spider-Man is back in the Marvel Cinematic Universe!
That’s right, folks. Disney and Sony have worked things out and are again teaming up to give Spidey at least one more Homecoming movie and one more Marvel Studios movie. That means, at the very least, we have two more Spider-Man movies in the narrative we’ve been following thus far.
“We have had a great collaboration over the last four years, and our mutual desire to continue was equal to that of the many fans,” said a Sony spokesperson. “We are delighted to be moving forward together.”
The issue rose up when Disney wanted to change up their original deal, wanting to put forward a higher amount of the funding with a much higher return on their end. Well, it looks like they’ve gotten their way.
According to Deadline:
Sony has agreed to the terms that Disney originally proposed for its participation in a third Spider-Man movie, whereby Disney/Marvel would co-finance 25% of a third Homecoming movie for a 25% equity stake.
Deadline reports states that Disney at one point wanted to up their return to a 50/50 deal, which Sony was simply unwilling to do. To give you an idea of the jump up that was the cause of the friction, “the original Sony-Marvel deal over the last two Spider-Man films saw Disney getting an estimated 5% of first-dollar gross.”
Of course, this is still a great move for Sony. The studio’s Spider-Man movie brand has taken quite the upswing thanks to its partnership with Marvel – the recent Spider-Man: Far from Home alone made over $US1.1 billion at the box office, becoming the character’s highest-grossing film and the biggest Sony film of all time (unadjusted figures).
“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,” Marvel Studios head Kevin Feige – who was essentially cut from the character when the Disney-Sony deal first fell through – said in a statement.
“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.”
Said Spider-Man movies producer Amy Pascal: “This is terrific. Peter Parker’s story took a dramatic turn in Far From Home and I could not be happier we will all be working together as we see where his journey goes. This has been a winning partnership for the studios, the franchise and the fans, and I’m overjoyed it will continue.”
Actor Tom Holland had an appropriate response to the news of his return to the MCU, sharing the following clip of Leonardo DiCaprio from The Wolf of Wall Street…
And now we await for news on what lies ahead for the next Spidey-connected films. The third Spider-Man film is scheduled for US release on July 16, 2021. Deadline reports that Homecoming and Far from Home director Jon Watts is currently in talks to stay at the helm for chapter 3, with a deal expected to close soon.