Oh how things can quickly change. Back in August, just days before the D23 Expo was supposed to start, Sony had announced that Spider-Man would no longer be a part of the Marvel Cinematic Universe, citing Marvel Studios’ president Kevin Feige’s growing responsibilities at Disney+. The move was shocking to say the least and was met with an uproar from fans who believed that Sony needed Feige’s help.

Now it looks like Your Friendly Neighborhood Spider-Man will websling in the MCU once again thanks to a last-minute deal that was signed between Disney and Sony. More on the report here below.

Per The Hollywood reporter, the deal between Disney and Sony calls for the two studios to collaborate on one more movie, giving the character one final chance to be a part of the Marvel Cinematic Universe. We all knew that the original deal that brought Spidey to the MCU wouldn’t last forever, but at least we will get a proper trilogy.

Anyways, here’s what Feige had to say, per THR:

While terms of the deal were not fully disclosed, it does allow Feige to be a producer for the final MCU Spider-Man film.

The original deal was struck back in 2015, where Spider-Man, played by Tom Holland, would make his debut in Captain America: Civil War. This deal stated that Marvel would not pay Sony to use Spider-Man in any of their films like Captain America: Civil War or the Avengers films, and they would have creative input on the character’s direction in Sony’s Spider-Man standalone films. Additionally, Marvel Studios would not receive a cut of the box office for any of Sony’s films that feature Spider-Man. And likewise with Sony, who did not receive a percentage of the revenue Disney made from Marvel films that had Spider-Man in them.

The original split stemmed from when Disney wanted 50/50 co-financing arrangement between the studios and that the offer could be extended to other spinoffs. Sony countered by proposing that they keep the arrangement going under the current terms where Marvel receives in the range of 5% of first-dollar gross. Both sides rejected the offer, and as such, they parted ways.

The box office revenue for MCU Spider-Man standalone films starring Tom Holland as the lead superhero have been every profitable for Sony. Homecoming earned an estimated $880 million, while Far From Home earned a strong $1 billion.

This comes after news that Sony is going to expand on their Spider-Man IP, by utilizing all of Spidey’s villains and supporting characters.

They first started this latest venture by releasing Venom, starring Tom Hardy. And they will continue that with Morbius, starring Jared Leto, as well as a Venom 2, which will bring back Hardy. The sequel will be directed by Andy Serkis.

The MCU Spider-Man 3 film will open in theaters in July 16, 2021.

[Source: THR]