Spider-Man swings out of the Marvel Cinematic Universe after Kevin Feige and Disney fail to strike a deal with Sony over money. | Source: Shutterstock
— Hollywood Reporter (@THR) August 21, 2019
The studio has failed to come to terms with Disney over the fate of the Spider-Man movie franchise. Kevin Feige, the president of Marvel Studios (a subsidiary of Disney), won’t be producing any more Spider-Man movies after Sony decided to get greedy and didn’t give the super-producer a bigger co-financing stake in future films.
Much of today’s news about Spider-Man has mischaracterized recent discussions about Kevin Feige’s involvement in the franchise. We are disappointed, but respect Disney’s decision not to have him continue as a lead producer of our next live action Spider-Man film. (1/3)
— Sony Pictures (@SonyPictures) August 21, 2019
The bone of contention
Deadline reports that Disney was asking for a 50/50 co-financing arrangement between Marvel and Sony. But Sony played hardball and decided that it won’t give Feige a bigger share of the pie. Marvel reportedly gets 5 percent of the first-dollar gross, which means that it was getting a percentage of the gross box office revenue.
So Marvel Studios would have received only $55 million from “Spider-Man: Far From Home” based on the current engagement and the movie’s $1.1 billion worldwide gross, which has made it Sony’s highest-grossing film ever.