If you were heart-broken to hear about Spider-Man leaving the Marvel cinematic universe, then there is good news for you. Finally, there has been a new deal settled between Sony Pictures and Marvel Studios. The hype of Spider-Man: Far From Home could not last long because of sudden news that Sony has decided to remove Spidey from MCU. Until now it was feared that fan-beloved Spidey would have to leave the MCU for good, but not for long.
Luckily for us, a deal has been settled between Marvel and Sony stating Tom Holland’s stay as Spider-Man in the MCU. However, the new agreement has key differences from the previous Marvel-Sony deal. The prior agreement that was signed in 2015 is gone for good, which is known to everyone. The new deal details were discussed in an official statement recently.
However, the press release this time around is a lot more secretive than the previous ones. It may suggest that the previous Marvel-Sony deal was wrapped up because of a major hack. This means that the contract drafts were possibly located in a public domain previously. This time around Marvel has been relatively secretive about the agreement details. It is almost certain that the time when Marvel would announce their next five movie releases is gone. This naturally means that the new Marvel-Sony Spider-man deal is a lot more secretive.
The Original Marvel-Sony Spider-Man Contract
After the second installment of The Amazing Spider-Man franchise proved to be critically deficient and not profitable, a deal was initiated. It was way back in 2014 when Marvel Studios apprehended Sony Pictures regarding an unforeseen Spider-Man deal. It was decided that both the studios would share the wall-crawler. Sony would still retain full rights; however, Marvel could also release a new series starring Spider-Man. Kevin Fiege was decided to be the producer for the Marvel movies. Sony would pay and distribute the film; however, they were at a profit from the deal. Marvel only received 5 percent of the profits; however, they would also be able to use that version of Spidey independently under their studios.
The deal was rejected initially but after a hack in 2014 exposed that there was a lot of confusion regarding Spidey’s future. This, in turn, persuaded the shareholders to reconsider the deal in early 2015. The original deal covered five MCU movies for Spidey to feature in. They were:
- Debut in Captain America: Civil War
- Spider-Man: Homecoming
- Avengers: Infinity War
- Avengers: Endgame, and
- Spider-Man: Far From Home.
Two movies featuring Tom Holland were also agreed upon, but unfortunately, this seems to be done for.
The New Deal
The new Marvel-Sony deal covers two movies: Spider-Man: Homecoming 3, in July 2021 which will bring an end to Tom Holland’s Spider-Man trilogy, and one still to be decided mystery Marvel film. Kevin Fiege, president of Marvel Studios, will be producing the movies.
Twenty-five percent of the profits from Spider-Man: Homecoming 3 will be provided to Sony while they are also expected to pay off roughly a quarter of the product cost. Surprisingly Tom Rothman, the chief of Sony Pictures who is believed to be a tough negotiator offered up this deal. Disney and Marvel refused the deal but seeing as the deal is now finalized Sony coming out of the renegotiation is more likely.
Sony may retain a level of access to Spider-Man even within the new terms. It will be interesting to see how the deal pans out.