Spider-Man will be back in the Marvel Cinematic Universe after Sony Pictures and Marvel Studios patched up and announced a new deal on Friday 27 September.
Marvel Studios co-president Kevin Feige said: “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. 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 new deal will give Marvel and its parent company Disney 25% of profits from the next sequel, which is set to release on 16 July 2021. Disney will also keep all merchandising rights for the character.
The two studios previously announced this summer that Spider-Man would leave the Marvel Cinematic Universe after the companies couldn’t agree on a new financing deal. Disney wanted a 50/50 cut on all revenue made via Spider-Man films, instead of its previous deal, which included 5 percent from the first dollar gross and merchandising revenue.
The next Spider-Man movie is set to be released on July 16th, 2021.