Sony Pictures, the studio that owns the rights to comic book character Spider-Man, has spoken out about the split with Disney that will lead to the removal of the Spider-Man version of Peter Parker played by Tom Holland from the Marvel Cinematic Universe.
Negotiations had been underway for some months between Sony and Disney over the future of the property, with Disney demanding future films be financed evenly between the two studios and Feige act as consultant producer.
However, Sony wanted to stick to existing terms, which entitled Marvel to 5% of first-dollar gross and all merchandising revenue, with the rest going to Sony. The exact financing ratio is unknown.
A statement released by Sony on Tuesday night said the company was “disappointed” by Disney’s demand for a greater stake in the Spider-Man films and by its proposal to scale down the involvement of Marvel president Kevin Feige in the movies.
“Much of today’s news about Spider-Man has mischaracterised recent discussions about Kevin Feige’s involvement in the franchise,” said the statement. “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.
“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.”
In 2015, Sony entered into an agreement with the Disney-owned Marvel Studios to share the Spider-Man character. Essentially, Disney got to use Tom Holland’s version of Spider-Man in its Marvel Studios movies – 2016’s Captain America: Civil War, 2018’s Avengers: Infinity War, and this summer’s Avengers: Endgame.
And Marvel Studios chief Kevin Feige produced Sony Pictures’ Spider-Man movies for them, fully integrating the films within the MCU 2017’s Spider-Man: Homecoming and this summer’sSpider-Man: Far From Home.
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