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Sony and Disney reach a deal to continue Spider-Man movie partnership
By: CNBC | September 27, 2019

Sony and Walt Disney on Friday announced that Marvel Studios, led by President Kevin Feige, will produce a third film in Spider-Man: Homecoming series. The film will star Tom Holland and is scheduled for release on July 16, 2021.

As part of the arrangement, Spider-Man will also appear in future Marvel Studios films.

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

The news comes a month after Deadline first reported in August that Disney and Sony Pictures decided to part ways. The two companies were not able to reach an agreement that would have given new terms to a co-financing stake between the two studios.

The terms of the new deal were not disclosed. Sony declined to comment on the terms, but said, “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. We are delighted to be moving forward together.”

Representatives for Marvel also declined to comment further.

According to Deadline, Disney had reportedly proposed a 50/50 co-financing deal in August, meaning each company would put up half of the production costs and then split the profits. Sony had reportedly refused.

Due to this disagreement, Spider-Man was no longer part of the Marvel Cinematic Universe, which quickly caused a frenzy among devoted fans on social media.

With a superhero as important as Spider-Man, it had seemed out of character for Feige and Disney to bow out of a deal with Sony. Much of the plot of “Spider-Man: Far From Home” revolved around the character Peter Parker dealing with the death of his mentor Tony Stark, also known as Iron Man, and figuring out what kind of hero he was going to be. Parker’s growth as a character was a set up for future films in the franchise.

Since the announcement of Spider-Man being back in Marvel, fans started buzzing on social media with excitement over the upcoming movie...

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