LOS ANGELES (AP) — With great success comes great re-negotiation. In the wake of the announcement that "Spider-Man: Far From Home" is now the highest-grossing film ever in Sony Pictures' history, reports surfaced that Marvel Studios may be stepping away from the cross-studio partnership.
The Hollywood trade Deadline reported Tuesday that there was a disagreement over the profit-sharing structure.
According to a person close to the deal who was unauthorized to speak publicly, negotiations are not yet final. But the suggestion that Marvel Studios president Kevin Feige may not produce future live-action "Spider-Man" movies and that the character itself might not appear in any more Marvel Cinematic Universe films quickly turned into a trending topic.
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. (2/3)— Sony Pictures (@SonyPictures) August 21, 2019
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. (3/3)— Sony Pictures (@SonyPictures) August 21, 2019
Sony has held the rights to the Marvel character since 1985, but in 2015, announced a partnership with Disney and Marvel that would allow Spider-Man to be used in MCU films like "Avengers: Endgame." It also allowed for Feige to serve as a producer on stand-alone "Spider-Man" movies like "Far From Home."
The crossovers have been well-received by audiences and critics. And the teenage web-slinger has been made into a central component in the MCU with a close relationship to Tony Stark that drove the story lines in both "Endgame" and "Far From Home." But as Marvel enters its "Phase 4," Spider-Man also has no official MCU appearances planned.
Two standalone "Spider-Man" movies are, however, reportedly in the works from Sony which would bring back director Jon Watts and star Tom Holland. Sony has also created its own web of Spider-Man spinoffs, including the Oscar-winning animated feature "Spider-Man: Into the Spider-Verse," and "Venom."
Representatives from the two studios did not respond to requests for comment.