Well. It looks like Spider-Man may be exiting the Marvel Cinematic Universe (MCU) for real this time.
Deadline reported that Marvel Studios president Kevin Feige will no longer produce any future Spider-Man films after Disney (who owns Marvel Studios) and Sony Pictures (who controls Spider-Man's movie rights) failed to reach a financial agreement to continue their collaboration.
According to the report, Disney had proposed splitting future Spider-Man movies in a 50/50 co-financing agreement, which would also mean a 50/50 split in profits
However, Sony turned down the offer, which led to Disney removing Feige and Marvel Studios as producers of Sony's future Spider-Man films, essentially Thanos-snapping the iconic superhero's franchise out of the MCU.
In a statement, Sony Pictures said that they are "disappointed" with the turn of events, but that they "respect Disney’s decision not to have him continue as a lead producer of our next live action Spider-Man film."
In addition to two more Spider-Man movies in development, Sony is also spearheading several spin-offs from the Spider-Man franchise, including a sequel for Tom Hardy's Venom with Andy Serkis on the helm, Morbius with Jared Leto, as well as Silver Sable and Black Cat spin-off.
The news came as a shock to fans, who wasted no time in taking to social media to express their devastation
Tony Stark did not die for this
How do you think the MCU and the Spider-Man franchise will move forward without each other from now on? Let us know how you feel in the comments section.
This week, Spider-Man: Far From Home surpassed the James Bond film Skyfall to become Sony's all-time highest grossing film. On that note, did you spot this sneaky cameo when you watched the movie?
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