Sony Responds To “Spider-Man” Deal Breakdown

Following yesterday’s reports about Disney and Sony’s ‘divorce’ over future “Spider-Man” projects, Sony is the first to offer a public statement on the matter.

As indicated yesterday, re-negotiations of the existing agreement between the two studios have broken down after reaching an impasse. As a result, Marvel Studios chief Kevin Feige will not produce future “Spider-Man” films and it also effectively removes Tom Holland’s Spider-Man from the Marvel Cinematic Universe whilst also cutting out MCU elements from the next “Spider-Man” film.

On Tuesday night, Sony hit back at the public backlash blaming them for the dissolution of the partnership which led to the #BoycottSony campaign. Sony issued the following statement (via Twitter) which points at Disney as being the one refusing to allow Feige to continue as a producer on future Sony Spider-Man projects:

“Much of today’s news about Spider-Man has mischaracterized recent discussions about Kevin Feige’s involvement in the franchise. 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. 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.”

The initial reports indicate the dispute stems from Disney allegedly demanding future “Spider-Man” films to be financed on a 50/50 basis, with Feige remaining in a consulting producer capacity. Sony is believed to have proposed keeping the current arrangement (Marvel receives 5% of first-dollar gross and all merchandising revenues).

As the same time, Disney allegedly expressed concerns that Feige was spread too thin due to other Marvel projects plus original projects for Disney Plus. The news of the split hit as “Spider-Man: Far from Home” became Sony’s most successful global box office release ever earlier this week.

Sony is widely believed to be developing two more “Spider-Man” movies with Holland reprising his role as the webslinger, while the chances of a “Venom” crossover have significantly gone up – as have the chances of the “Venom” sequel scoring an R-rating.

Source: Heat Vision Justin Kroll