Sony released an official statement on August 20, 2019, basically confirming the story first reported by Deadline, that Marvel Studios president Kevin Feige will not be in involved in future Spider-Man movies.
Sony’s statement, which has been released to the press and on social media, reads:
Much of today’s news about Spider-Man has mischaracterized recent discussions about Kevin Feige’s involvement in the franchise. 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.
We hope this might change in the future, but understand that the many new responsibilities that Disney has given him – including all their newly added Marvel properties – do not allow time for him to work on IP they do not own.
Kevin is terrific and we are grateful for his help and guidance and appreciate the path he has helped put us on, which we will continue.
This means that Spider-Man will be leaving MCU (Marvel Cinematic Universe). Spider-Man will no longer appear in Marvel Films, and vice-versa, Marvel characters like Iron Man won’t make an appearance in future Spider-Man films.
Disney and Sony agreed on a deal over Spider-Man in 2015, wherein Spider-man will appear in Marvel films.
Sony’s statement regarding the issue points to Kevin Feige becoming too busy, as the reason for Spider-Man leaving Marvel. But Deadline stands by its sources who say that the issue is money.
According to Deadline, Disney proposed a 50/50 co-financing arrangement between the studios for future Spider-Man films, which might likely include other films in the Spider-Man universe. Sony refused to accept the proposal.
Tom Rothman, the Chairman of Sony Pictures Motion Picture Group and Tony Vinciquerra, Chairman and CEO of Sony Pictures, came up with other figures, but Disney declined.
Disney wanted more than the current arrangement of 5% of gross box office revenue.
Despite the fallout, Deadline sources said Sony thinks the future Spider-Man films will be fine even without Kevin Feige’s involvement. With director Jon Watts (Spider-Man: Homecoming, Far From Home) at the helm, actor Tom Holland as Spider-Man, and producer Amy Pascal, the rosy future of the franchise is assured.
Deadline’s report says there will be 2 more Spider-Man movies that will be directed by Jon Watts and which will star Tom Holland.
“Spider-Man: Far From Home” is now Sony Pictures’ highest grossing film, earning USD 1.109 billion worldwide.
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