New “Spider-Man” Has To Make Over A Billion

Spider Man Far From Home Trailer Saturday

A new report has emerged going into the details of the contract between Marvel Studios and Sony Pictures, a contract signed in 2015 which saw Tom Holland’s version of the character popping up in films from both studios.

In a recent edition of journalist Richard Rushfield’s newsletter The Ankler, it has been revealed that “the original Sony/Marvel/Spidey deal to co-produce these movies stipulated that if this Spidey [Far from Home] cleared a billion, Marvel would get to oversee a third. If it hadn’t, full control would have reverted back to Sony.”

In other words, if the new sequel didn’t make enough money at the box-office, Sony would be able to get out of its deal with Marvel Studios and have full autonomy over the character again as they did with the Maguire and Garfield films. As such they will still continue to finance, distribute, own and have final creative control of the films.

“Spider-Man: Far From Home” has already made over $600 million in its first week, practically certain that it will cross the billion-dollar threshold before it leaves cinemas.

Holland has previously revealed that he’s signed for three solo “Spider-Man” films and three appearances in other MCU movies. He’s now fulfilled five of those six appearances, leaving only one more “Spider-Man” to go.

Source: Slashfilm