Sony has released an official response to the recently reported news that Disney and Sony reached an impasse on its Spider-Man partnership, calling numerous stories "mischaracterised" and squaring much of the blame on Marvel Studio president Kevin Feige's workload. Sony owns the property but essentially loaned out Spider-Man to the Marvel Cinematic Universe on the condition that the MCU movies made them a lot of money. Disney had previously asked that any future Spider-Man films be a 50/50 split, co-financed between both films, and Sony ended up turning this offer down, as well as other configurations on Disney's side. "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", the spokesperson said. Under the most recent deal, Marvel earned 5% of Sony's gross box office revenue, although Disney refused to continue that pact. "Because Spider-Man is Sony's only and first time ever billion-dollar franchise!". The studios couldn't reach an agreement, so Spider-Man and the Marvel Cinematic Universe will reportedly go their separate ways.
It has been a wild ride these past 24-48 hours since news dropped that Spider-Man is no longer part of the MCU. And given how ideal Holland was in the Avengers and Marvel Spidey movies - and how standalone Sony Spider-Man movies have panned out in the past - fans are not happy.
Jon Watts, who directed Spider-Man: Homecoming and Spider-Man: Far From Home, might not be directing the next Spider-Man film. Now Disney owns Fox, and Wolverine and the X-Men are back in full force in the comics in addition to the Fantastic Four, all of which are also now in video games.
Well, right now it just means he's out of the MCU, aka any movies being created by Marvel Studios with Disney, unless this dispute is resolved. On the opposite aspect, Sony Representatives advised the problem was overproduction credit however sources say negotiations are ongoing. But according to The Hollywood Reporter, those talks recently collapsed. Spider-Man: Homecoming and the most recent release, Spider-Man: Far From Home have grossed almost $2 billion combined.
Some people familiar with the situation had described the clash as more of a financial issue.
Disney, which purchased Marvel Studios for 4 billion U.S. dollars in 2009, is yet to comment publicly.