After a brief break up between Sony and Disney over Marvel’s Spiderman, the super hero is back in business and back where he belongs in the Marvel Universe.
On Friday, the two companies jointly announced that Marvel Studios and its president Kevin Feige will produce a third Spiderman film, once again reprising Tom Holland’s role.
“I am thrilled that Spidey’s journey in the MCU will continue, and I and all of us at Marvel Studios are very excited to get to keep working on it,” Feige said in a statement.
Over the summer, the two companies reached an impasse over finances with the superhero’s deal. Disney wanted the film to be financed 50/50. Sony is believed to have wanted the arrangement to stay under its current terms, with Marvel receiving about five percent of first-dollar gross and all merchandising revenues.
The new deal, signed by both studios’ top contributers, will have Marvel and Disney receiving about a quarter of the profits. Disney will keep the merchandising rights and will put up about 25 percent of the financing as well.
“Spiderman is a powerful icon and hero whose story crosses all ages and audiences around the globe,” Fiege said. “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 next Spiderman film is set to release on July 16, 2021.