Spider-Man Will Stay in the Marvel Cinematic Universe

After briefly breaking up, Sony Pictures and Marvel have found a way to get back in the Spider-Man business together.

On Friday, the two companies jointly announced that Marvel Studios and its president, Kevin Feige, will produce the third film in the “Spider-Man: Homecoming” series. It will once again feature Tom Holland reprising his role as the titular hero. The rumor mill roared back to life this week with hints that the two companies were close to brokering a new agreement.

Over the summer, news broke that the Disney, Marvel’s parent company, and Sony had reached an impasse over a new financing deal. Disney wanted the film to be financed on a 50/50 basis, with Feige remaining in a consulting producer capacity. Sony is believed to have proposed keeping the arrangement under the current terms, which stipulate that Marvel receives about 5% of first-dollar gross and all merchandising revenues.

The new deal was signed late on Thursday night. Negotiations involved top players from both studios, including Sony Pictures chief Tom Rothman, Feige and Walt Disney Studios co-chairs Alan Horn and Alan Bergman. In exchange for lending Feige’s producing prowess, Marvel and Disney will receive roughly 25% of the profits, according to insiders. Disney will retain its merchandising rights and will put up roughly a quarter of the financing. As part of the arrangement, Spider-Man will also appear in one future Marvel Studios film.

The film is scheduled for release on July 16, 2021. Amy Pascal will also produce through Pascal Pictures, as she has on the first two Holland-led films.

“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,” Feige 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.”

Pascal was equally euphoric in her statement. “This is terrific,” she said. “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.”

Marvel has licensed the rights to Spider-Man to Sony for nearly two decades, an agreement they forged prior to Disney’s $4 billion acquisition of the comics company in 2009. Sony achieved critical and financial acclaim with its first round of Spider-Man movies, which were directed by Sam Raimi and starred Tobey Maguire. Its second effort, starring Andrew Garfield and directed by Marc Webb, were far less successful, sending the studio back to the drawing board.

By bringing Marvel and Feige back into the fold with 2017’s “Spider-Man: Homecoming,” the studio was able to recapture the creative mojo of the first series. It also got a boost from having Holland’s web-spinner appear in Avengers movies, with Spidey becoming a key member of the super-team. Sony said it was pleased that a deal had been reached

“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 Robert Lawson, chief communications officer for Sony Pictures Entertainment. “We are delighted to be moving forward together.”

RELATED VIDEO:

More Film

  • Oliver-Berben-and-Uli-Edel

    Constantin TV, ZDF, Global Screen, Team on 'The Palace' (EXCLUSIVE)

    BERLIN — Constantin Film, the No. 1 German independent behind the “Resident Evil” franchise, is teaming with German public broadcaster ZDF to produce “The Palace,” (“Friedrichstadt-Palast”) a period drama set at the celebrated Berlin music hall. Global Screen will handle international distribution. “Last Exit to Brooklyn’s” Uli Edel will re-team with Constantin Television, directing the [...]

  • Berlin: Embankment Rides With Frankie Dettori

    Berlin: Embankment Rides With Frankie Dettori Documentary 'Frankie'

    Embankment has launched worldwide sales at the European Film Market on feature documentary “Frankie,” the story of champion jockey Frankie Dettori, winner of more than 3,000 races. The film shadows Dettori for one season as, at 49, he looks to win a record third Prix de L’Arc de Triomphe on Enable, his most beloved horse. [...]

  • Pathé Inks Major Pre-Sales on Emilia

    Pathé Inks Major Pre-Sales on Emilia Jones Starrer 'Coda' (EXCLUSIVE)

    Pathé has closed major pre-sales on Sian Heder’s anticipated film “Coda,” starring Emilia Jones, Eugenio Derbez and Marlee Matlin, after unveiling an exclusive promo reel of the film at EFM. An English-language remake of the French smash hit “La Famille Belier,” “Coda” is being produced by Philippe Rousselet and Fabrice Gianfermi at Vendôme Group, alongside [...]

  • Greenwich Takes U.S. Rights to Caroline

    Greenwich Takes U.S. Rights to Oscar-Winner Caroline Link's 'When Hitler Stole Pink Rabbit'

    Beta Cinema has sold the German box-office hit “When Hitler Stole Pink Rabbit” by Oscar-winner Caroline Link to the U.S. Greenwich Entertainment picked up the rights to the feature, which has attracted almost one million admissions since its Christmas release in Germany alone. German media lauded the film, calling it “a real godsend for the [...]

  • 'H Is for Happiness' Review

    'H Is for Happiness': Film Review

    More often than not, “A” festival competitions privilege the arty over the entertaining, so hats off to the Berlinale Generation section, where the two qualities frequently coexist. A case in point: the delightful coming-of-age dramedy “H Is for Happiness,” which provides feel-good entertainment for the entire family without pandering — and definitely without sacrificing style [...]

  • 'Jinpa' Review

    ‘Jinpa’: Film Review

    After roaming for more than a year on the international festival circuit, “Jinpa” — the latest effort from Tibetan director Pema Tseden (“Old Dog,” “Tharlo”) — has finally launched a limited run in U.S. art houses, where it might find an appreciative if occasionally perplexed audience for its idiosyncratic mix of deadpan wit and understated [...]

  • Clarisse-Goulart

    Projeto Paradiso Fights for Brazilian Film Industry

    BERLIN — Having slowed incentives to a near halt this year, Brazilian president Jair Bolsonaro’s government looks set to decimate film funding in 2020. Brazil’s industry is bracing – and fighting back. On Sunday, at Berlin, Projeto Paradiso, a philanthropic organization, announced a Sao Paulo Forum, New Business Models for a New Audiovisual Era, and [...]

More From Our Brands

Access exclusive content