- Spider-Man is returning to the Marvel Cinematic Universe (MCU).
- Sony Pictures Entertainment and Marvel Studios have reached an impasse over a new financing deal and will be co-producing the third film together.
- The third film in the Spider-Man: Homecoming franchise is slated for release on July 2021.
MANILA, Philippines—Looks like it’s not yet the end for our friendly neighbor after all.
Sony and The Walt Disney Studios jointly announced on Friday that Marvel Studios and its President Kevin Feige will produce the third film in the “Spider-Man: Homecoming” series, still starring Tom Holland.
The film is scheduled for release on July 16, 2021. As part of the arrangement, Spider-Man will also appear in a future Marvel Studios film. Amy Pascal will also produce through Pascal Pictures, as she has on the first two Holland-led films.
“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,” said Feige.
“Peter Parker’s story took a dramatic turn in ‘Far From Home’ and I could not be happier we will all be working together as we see where his journey goes,” said Pascal.
“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,” Feige added.
Previously, a deal between the two studios fell through, meaning that Spider-Man wouldn’t be able to be part of the Marvel Cinematic Universe.
Over the summer, news broke that the Disney, Marvel’s parent company, and Sony had reached an impasse over a new financing deal. Disney wanted the film to be financed on a 50/50 basis with Marvel Studios chief 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.
“We have had a great collaboration over the last four years, and our mutual desire to continue was equal to that of the many fans. We are delighted to be moving forward together,” said Robert Lawson, chief communications officer for Sony Pictures Entertainment.
Tom Holland’s version of the franchise was introduced to the MCU in 2016’s “Captain America: Civil War” and most recently appeared in “Spider-Man: Far From Home.”