Spider-Man: Sony & Marvel Studios May Still Negotiate a Deal

Spider-Man Far From Home feature

Spider-Man may not be out of the Marvel Cinematic Universe just yet.

According to Variety, Sony's negotiations with Disney's Marvel Studios are ongoing. The report claims the two studios are at an impasse over new financing terms, which could result in Marvel Studios President Kevin Feige exiting the franchise as a producer if no deal is reached.

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However, io9 reports a Sony rep said the "dispute is simply over a producer credit and negotiations are ongoing," as Feige did not receive a credit after working on other movies in Sony's Universe of Marvel Characters. Nevertheless, the outlet's other sources indicate the original report was correct.

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The original report claims Marvel's decision to pull out of the deal stems from "an inability by Disney and Sony Pictures to reach new terms that would have given the former a co-financing stake going forward." As for the next two currently planned Spider-Man films, both Homecoming and Far From Home director Jon Watts and actor Tom Holland are expected to return. However, the impasse means Marvel's involvement in the project is doubtful, which could lead Marvel Studios President Kevin Feige to be "essentially nixed" by Sony.

Disney reportedly 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. This, of course, comes hot on the heels of Spider-Man: Far From Home cementing itself as Sony's highest-grossing film of all time, albeit with Marvel's help.

RELATED: Spider-Man: Far From Home Will Receive Extended Theatrical Cut

These latest updates indicate a deal may yet be reached between Disney and Sony over Spider-Man's rights. For now, though, the wall-crawler's future in the MCU seems tenuous.

Now in theaters, director 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.

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