The Marvel Cinematic Universe has reportedly lost a major franchise.
According to Deadline, Sony has killed its Spider-Man deal with Marvel Studios, effectively ending president Kevin Feige’s involvement with two planned webslinger films.
“Sources said there are two more Spider-Man films in the works that are meant to have director Jon Watts and Tom Holland front and center,” Deadline wrote. “Unless something dramatic happens, Feige won’t be the lead creative producer of those pictures.”
The partnership reportedly ended following a dispute between Sony and Marvel Studio’s parent company, Disney. Insiders claim the studios failed to reach an agreement on Disney’s stake in the upcoming Spider-Man films. Disney reportedly wanted a 50/50 co-financing deal that could’ve expanded to other projects within the Spider-Man universe. Sony is said to have rejected that deal without offering a counter, and was set on continuing their licensing agreement in which “Marvel receives in the range of 5% of first dollar gross.”