Sony Pictures has gone public over its separation from Disney on future ‘Spider-Man’ projects.
On Tuesday night, Sony announced that it was “disappointed” over the decision, highlighting Disney’s refusal to allow Marvel President, Kevon Feige to continue as a producer on the projects.
It also praised Feige, who teamed with Amy Pascal on ‘Spider-Man’: Far From Home,” which became Sony’s most successful release earlier this week in terms of global box office.
“Much of today’s news about Spider-Man has mischaracterized recent discussions about Kevin Feige’s involvement in the franchise,” Sony said in a statement.
“We are disappointed, but respect Disney’s decision not to have him continue as a lead producer of our next live action Spider-Man film.”
“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,” the statement continued.
“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.”
With Feige not producing future “Spider-Man” films, the impasse effectively removes Tom Holland’s Spider-Man from the Marvel Cinematic Universe.
The dispute stems from Disney’s demand that future “Spider-Man” films would be financed on a 50/50 basis, with Feige remaining in a consulting producer capacity.
Sony is believed to have proposed keeping the arrangement under the current terms, which stipulate that Marvel receives about 5% of first-dollar gross and all merchandising revenues.
However, Disney allegedly expressed concerns that Feige was spread too thin due to other Marvel projects plus original projects for Disney Plus.
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