A new arrangement proposed by Disney was rejected by Sony and unless the two giant entertainment companies are able to reach a decision, Spiderman will no longer be in the MCU.
There's a probability for Tom Holland's Spider-Man movies to be removed from the Marvel Cinematic Universe. Before you freak out anymore, here's what we know about the issue. According to a report by Variety, Disney’s Marvel Studios and Sony Pictures are at an impasse due to some financing issues. If both the entertainment companies fail to arrive at a favorable arrangement, Kevin Feige, Marvel Studios' president, will be pulling out of his role as a producer for the hit movie.
When the representatives of Sony, Marvel, and Disney were approached for a statement, they did not provide any comment. However, according to the outlet's sources, the dispute originated with Disney's latest revision in its funding plan. The giant studio proposed that the future Spider-Man movies be financed on an equal (50-50) basis, with Feige remaining as the consulting producer. However, Sony wants to stick to the current terms that they had been following. An insider hinted at Feige's possible flight and maintained the reason to be the "added responsibilities from the Fox acquisition of the X-Men franchise," according to Deadline. However, they declined to provide a statement regarding the same.
The newly proposed plan does come across as an aggressive stance as Disney already earns 5% of first-dollar gross and all merchandising revenues. Now, revising and terms and losing half of its worthy franchise seemed like a tough nut for Sony to swallow. Sony did issue a statement revealing that Feige was too busy. "Much of today’s news about Spiderman 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," stated a spokesperson for Sony.
"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," ended the statement. Spider-Man: Far From Home quickly surpassed Skyfall and became Sony's highest worldwide box office grosser. Of course, Feige and Amy Pascal were the producers of the film. And who can forget Disney’s Avengers: Endgame—their highest-grossing film of all time? Now, with Feige allegedly gone, will it be able to continue its streak of hits?
Sources also confirmed how this dispute between the two giant entertainment firms has been going on for months now. When Disney proposed a new arrangement, Sony representatives, Tom Rothman and Tony Vinciquerra, approached them with other arrangements that could benefit both the companies, however, Disney rejected it. Of course Sony wouldn't just let go of their biggest franchise. Moreover, without Feige's expertise, the company would essentially be launching a movie lacking much of the action that one expects from Spider-man. An insider revealed how Sony came to the conclusion that they would be fine without Feige.
Alright, so things aren't COMPLETELY hopeless just yet-- Sony and Marvel have reached a bump in their negotiations, but it's still possible they may work through it. I really hope they do...https://t.co/mMxKyWmYFg— Area-616 (@area616channel) August 20, 2019
According to Variety, Sony is believed to be in the developing phase of two other Spider-Man movies starring Tom Holland, however, no official announcements have been made for the same yet. If the Spider-Man franchise was to cut its ties with the MCU, how would they explain the post-credits scenes which connect every movie? Also, something that many people noticed was Spider-man's exceeding resemblances to our beloved Tony Stark's character. After all, Peter was Stark's protege and the close-knit relationship they had was unlike any other. Good luck with explaining that!