Spider-Man to Leave Marvel Cinematic Universe as Marvel Studios, Sony Pictures Fail to Reach Deal
UPDATE: Variety‘s Dave McNary is reporting that negotiations between Sony Pictures and Marvel Studios are still ongoing, and that no final decision on Spider-Man’s status in the Marvel Cinematic Universe has been made.
It seems that Spider-Man‘s days in the Marvel Cinematic Universe are coming to an end as Marvel Studios and Sony Pictures have failed to reach a deal for the character’s continued use in the MCU. From IGN‘s Joseph Knoop:
According to Deadline, Marvel Studios will not produce any further Spider-Man films in the Marvel Cinematic Universe, due to an inability between Sony Pictures and Disney to reach new terms that would have given Disney a co-financing stake moving forward. A dispute at the top levels of both companies has essentially resulted in Marvel Studios president Kevin Feige being nixed from future Spider-Man projects, according to Deadline. Disney had asked for a 50/50 co-financing agreement between the two studios on future Spider-Man films. Again, according to Deadline’s sources, Sony turned that offer down. Sony proposed keeping the arrangement similar to the terms that dictated the first two Spider-Man MCU films, such that Disney would only receive 5% of first dollar gross. Disney refused that deal.
“First dollar gross” is a practice in film-making finances that means a participant earns a percentage of the film’s box office revenue on the first day of release. Stars like Leonardo DiCaprio used this practice on Inception, making more than double his usual rate as an actor because of the film’s unexpected success.
It’s easy to see why Sony might play hardball with Spider-Man. Spider-Man: Far From Home became Sony’s highest-grossing film ever in August, reaching $1.109 billion in global box office revenue, beating its previous record holder, the James Bond 2012 film Skyfall.
This is also potentially why Marvel Studios declined to announce a new Spider-Man film at [San Diego] Comic Con 2019. Sony still holds the screen rights to Spider-Man solo films, and is also the distributor, going all the way back to Sam Raimi’s 2002 Spider-Man.