Sony Marvel Spider-Man Deal Ending After Dispute Over Money

Carla Harmon
August 21, 2019

The latest Spider-Man movie, Far From Home, ends with Peter Parker facing a very big revelation that changes his entire life. Money aside, it's a tough pill to swallow for fans who've come to love the Holland version and how he interacts with the larger MCU. Sony didn't take the deal and, according to Deadline, didn't even return to the table for further re-negotiations.

Riding a wave of success like that, Sony has a treat on the way for Spider-fans.

Not only is the new flick the highest-grossing Spider-Man film, but it's also the 40th movie to gross over $1 billion at the box office. The contract states that Sony will hold these rights in perpetuity so long as they make at least one film starring Spider-Man every three years.

To celebrate the achievement, on August 29th the studio is releasing an extended cut of the film featuring approximately four additional minutes of a never-before-seen action sequence.

Spider-Man's departure comes because Sony and Disney were unable to reach a new deal on the films. Sony proposed keeping the arrangement going under the current terms where Marvel receives in the range of 5% of first dollar gross, sources said. Without the MCU tie, it's unclear how the future films will play out. Jon Watts directed the movie, with Chris McKenna and Erik Sommers writing the script. Kevin Feige and Amy Pascal produced the project, with Louis D'Esposito, Victoria Alonso, Thomas M. Hammel, Eric Hauserman Carroll, Rachel O'Connor, Stan Lee, Avi Arad, and Matt Tolmach serving as executive producers. Let us know in the comments below! Plus, Sony has begun its own Spider-Man mini-universe thanks to huge hits like Venom and Spider-Man: Into the Spider-Verse, both of which have sequels on the way. There were discussions of having this new deal extend to the other non-MCU Spider-Man movies in development, but Sony immediately turn down that offer and wanted to keep things the same.

Other reports by iNewsToday