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Marvel Abandons 'Spider-Man' Films in Dispute With Sony

TheWrap logo TheWrap 8/20/2019 Umberto Gonzalez
a woman wearing a costume: Marvel and Amazing Spider-Man © TheWrap Marvel and Amazing Spider-Man

The successful partnership between Disney's Marvel Studios and Sony Pictures on the "Spider-Man" films has come to an end: Marvel has bailed out on the arrangement in a dispute over financing future films, an insider told TheWrap.

The arrangement had been beneficial to both parties. "Spider-Man: Far From Home" released last month, was only the second Sony film (after 2012's "Skyfall") and the first "Spider-Man" film to hit a billion dollars in worldwide box office.

The partnership, which began with Tom Holland's Spider-Man appearing in 2016's "Captain America: Civil War," allowed Spider-Man to interact for the first time in the Marvel Cinematic Universe, trading quips with Captain America and learning under Iron Man. "Far From Home" was largely focused on the possibility of Spider-Man replacing Tony Stark as the tech genius at the center of The Avengers.

According to Deadline which first reported the news, Disney asked Sony that future "Spider-Man" films be a 50/50 co-financing arrangement between both studios, a request Sony turned down. Sony's counteroffer proposed keeping the current deal in place where Marvel receives about 5% of the first dollar gross. Disney refused. Marvel already owns all the merchandising on "Spider-Man."

There are currently two more "Spider-Man" films in development with Tom Holland and director John Watts attached, however they will go forward without the guidance of Marvel  Studios President Kevin Feige.

Released two months after "Avengers: Endgame" ended the MCU as fans knew it, "Far From Home" served as a palette cleanser and a taste of what Marvel Studios had in store for the next phase of the story. Sony has grossed $809 million domestically so far this year, and should pass the $1 billion mark after a busy Q4. The studio will release the horror-comedy film "Zombieland: Double Tap" this October, followed by Elizabeth Banks' "Charlie's Angels" and the likely Oscar contender "A Beautiful Day in the Neighborhood" in November. Sony will then cap off the year with "Jumanji: The Next Level," the sequel to "Jumanji: Welcome to the Jungle" which earned $962 million worldwide two years ago.

Related slideshow: All 23 Marvel Cinematic Universe Movies Ranked, From Worst to Best 

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