A new report offers more details regarding the new Spider-Man film agreement reached between Sony Pictures and Marvel Studios.
According to Variety, Disney and Marvel Studios "will receive roughly 25% of the profits" from a third movie in the Spider-Man: Homecoming series of films, which has Marvel Studios President Kevin Feige returning to produce. Deadline also reports the same information on the profit split. Along with Disney retaining merchandising rights, the agreement reportedly states Spider-Man will also appear in a future Marvel Cinematic Universe film.
Last month, Sony and Marvel reached a standoff over rights to the character. Reportedly, Disney asked for all future Spider-Man projects to be a 50/50 co-financing arrangement between Marvel and Sony but the latter declined. Instead, Sony proposed leaving the current deal untouched, meaning Marvel would continue to receive approximately 5% of first-dollar gross while maintaining merchandising rights, which Disney refused. News of the split left many fans wondering what the future would hold for Spider-Man and the MCU.
Helmed by Jon Watts, Spider-Man: Far from Home stars Tom Holland, Samuel L. Jackson, Zendaya, Cobie Smulders, Jon Favreau, JB Smoove, Jacob Batalon and Martin Starr, with Marisa Tomei and Jake Gyllenhaal. The film is now available on Digital HD and arrives on Blu-ray and 4K UHD Oct. 1.
A third film in the Spider-Man: Homecoming series is scheduled to hit theaters on July 16, 2021
KEEP READING: Spider-Man 3: Sony/Marvel Announce Release Date