Spider-Man is out of MCU (Marvel Cinematic Universe) according to Deadline. Reports indicate that Marvel Studios and Sony pictures are parting ways as a result of a financial dispute between Disney and Sony.
Tom Holland won’t be appearing as Spider-Man on MCU anymore
The decision means the version of Peter Parker, played by Tom Holland, will effectively be removed from MCU. This will thus separate the iconic Marvel Comics superhero from the greatest superhero movie franchise. However, Holland will to appear in one more solo movie for Sony as Spider-Man.
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Holland has been the star man in the franchise and had forged a good relationship with Tony Stark consistently delivering Marvel’s storytelling. He was to be part of the main hero along with doctor strange, Captain Marvel and Black Panther in Marvel’s upcoming movies Captain America, Thor, and Iron Man.
Disney used Holland’s version of Spidey to produce Avengers: Endgame, Avengers: Infinity War and Captain America: Civil war. On the other hand, Marvel’s president Kevin Feige created Sony’s Spider-Man movies Spider-Man: Homecoming and Spider-Man Far From Home and integrated them within MCU
Fallout as a result of co-financing of the franchise proposal from Disney
According to Deadline reports the issue crops from a fall out regarding finances. For decades Sony has held all movie rights of the Spider-Man franchise which had turned out to be successful. But the Sony’s reboot of the franchise in 2014 was seen as a disappointment commercially.
Sony signed an unprecedented agreement in 2015 with Disney’s Marvel Studios to co-own the Spider-Man Character. The fallout comes after the companies failed to agree on co-financing of future spider-man films on a 50/50 percentage. Sony was not willing to go down that road, and they turned down the offer.
The Sony-Marvel collaboration had allowed Sony to keep rights if the Spider-man film and earn cash at the box office. In return, Marvel could incorporate the Spider-Man character into their MCU and a percentage of the film’s gross revenue. Although details of the deal are scanty, Deadline reveals that the pay-out was in the range of 5%.