Sony, Disney Strike Bargain for Third Spider-Man Film

Sony Pictures Entertainment and Marvel Studios reached an agreement to unite for a third Spider-Man film that will keep the iconic hero in the Marvel Cinematic Universe.

In a statement, Marvel Studios President Kevin Feige said,” "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. … "Spider-Man is a powerful icon and hero whose story crosses all ages and audiences around the globe," Feige added. "He also happens to be the only hero with the superpower to cross cinematic universes, so as Sony continues to develop their own Spider-verse, you never know what surprises the future might hold."

Acccording to Variety: “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.”

“This is terrific,” Pascal 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.”

“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 Sony Pictures Entertainment Chief Communications Officer Robert Lawson. “We are delighted to be moving forward together.”