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Spider-Man May Leave Marvel Cinematic Universe If Marvel Studios & Sony Pictures Fail To Reach Deal

Spider-Man May Leave Marvel Cinematic Universe If Marvel Studios & Sony Pictures Fail To Reach Deal

Spider-Man May Leave Marvel Cinematic Universe If Marvel Studios & Sony Pictures Fail To Reach Deal

Earlier, several news agencies were reporting that Spider-Man’s days in the Marvel Cinematic Universe were coming soon to an end as Marvel Studios and Sony pictures had failed to reach a deal for the character’s continued use in the Marvel Cinematic Universe.

In a new report by Deadline, Marvel Studios claims they will not produce any further Spider-Man films in the Marvel Cinematic Universe, due to an inability between Sony Pictures and Disney to reach new terms that would have given Disney a co-financing stake moving forward.

A dispute at the top levels of both companies has essentially resulted in Marvel Studios president Kevin Feige being cut from future Spider-Man projects, according to Deadline. Disney had also asked for a 50/50 co-financing agreement between the two studios on future Spider-Man films. But, according to Deadline’s sources, Sony turned that offer down. Sony proposed keeping the arrangement similar to the terms that dictated the first two Spider-Man Marvel Movies, which meant that Disney would only receive 5% of first dollar gross. Disney refused that deal.

“First dollar gross” is a practice in film-making finances that means a participant earns a percentage of the film’s box office revenue on the first day of release. Which makes it easy to see why Sony might play hardball with Spider-Man. Spider-Man: Far From Home became Sony’s highest-grossing film ever in August, reaching $1.109 billion in global box office revenue, beating its previous record holder, the James Bond 2012 film Skyfall.

Now, according to Variety‘s Dave McNary, negotiations between Sony Pictures and Marvel Studios are still ongoing, and that no final decision on Spider-Man’s status in the Marvel Cinematic Universe has been made.

What are your thoughts on Marvel no longer having a part in the “Spider-Man” universe? Let us know in the comments below!

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Sources:

Variety

Deadline

 

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