Further details about the specifics of Marvel and Sony’s massive deal on Monday night are still trickling out and the latest seems to indicate that despite the arrangement, not much has actually changed when it comes to Sony’s handling of its “Spider-Man” franchise.
First up, Variety reports that while “The Amazing Spider-Man 3” is officially and completely cancelled, the previously announced spin-off films including “The Sinister Six,” “Venom” and the untitled film about female characters of the “Spider-Man” universe are still in active development.
Marvel’s Kevin Feige is producing the new “Spider-Man” standalone movie aiming for a July 2017 release, but he is NOT involved in any of the previously announced spinoffs. It’s unclear if Drew Goddard or Alex Kurtzman are still onboard “Sinister Six” and “Venom” respectively, but “Sinister Six” will NOT be released in November 2016 as previously reported.
Also revealed is just how much money has changed hands regarding the deal – $0. Marvel Studios won’t pay Sony Pictures for the rights to put Spider-Man in “Captain America: Civil War,” the “Avengers” sequels or other superhero films, and Sony won’t receive a percentage of the revenue Disney makes from Marvel’s films that have Spider-Man.
So what does Sony get out of the deal? The same arrangement. Marvel won’t receive a cut of the box office for any of Sony’s films that feature Spider-Man and potentially some of the other MCU heroes. Kevin Feige also won’t receive payment for his role in helping revive Sony’s “Spider-Man” franchise.