We will leave it up to interpretation who is “mommy” and who is “daddy” but nonetheless it is all around good news because Sony and Marvel Studios/Disney have made amends and the co-produced 3rd SPIDER-MAN: HOMECOMING film will happen. Amy Pascal will also once again co-produce through Pascal Pictures which she has done over the past two films.
The third film is scheduled for release on July 16, 2021. Also as part of the arrangement, Spider-Man will also appear in a future Marvel Studios film. Which ultimately makes this a very big win for all of the fans.
Now in case you are unaware what happened. money was the overall root of the problem. Disney was reportedly seeking a 50/50 co-financing stake in the Spider-man films. This is because of Marvel Studios president, Kevin Feige’s continued guiding hand which resulted in the delivery of Sony’s highest grossing film ever with $1.13 billion. It also has to be mentioned that Disney already owns the merchandise on Spider-Man. The original Sony-Marvel deal over the last two SPIDER-MAN movies saw Disney getting an estimated 5% of first gross dollar.
This of course now has changed with the renewed partnership. Sony has agreed to the terms that Disney proposed for its participation in a future Spider-Man sequel. With this Disney/Marvel Studios would co-finance 25% of a third HOMECOMING movie for a 25% equity stake.
Kevin Feige released a statement which stated,
“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. 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.”
Amy Pascal who has produced the first two Tom Holland led Spider-man films also released a statement.
“This is terrific. 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. This has been a winning partnership for the studios, the franchise and the fans and I’m overjoyed it will continue.”
No matter what we now can breathe a sigh of relief as the conclusion to the story can be told and then see what happens within Sony’s own Spider-man Universe.