After a very brief split between Marvel and Sony that crushed fans and had them lamenting that the MCU’s Spider-Man wouldn’t carry forth Tony Stark’s torch, there’s been a reconciliation. 

Variety has reported that Marvel and Sony have reached a deal that will bring Spider-Man back into the Marvel Cinematic Universe. The announcement stated that Marvel Studios and its head honcho, Kevin Fiege, would produce the third film in the Spider-Man: Homecoming series which stars fan-favorite Tom Holland as the web slinger. 

Word is that this new deal states that Marvel and Disney will receive 25% of the profits (this info is from unnamed sources) which is a far cry from what broke down the negotiations over the summer. Marvel and Disney had wanted a 50/50 split with Sony even though they had originally proposed the 25% deal. (Deadline) However in this new deal, Disney retains its merchandising rights which is incredibly profitable for them. The deal also has Spider-Man appearing in one more Marvel Studios film.

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Tom Holland didn’t waste any time reacting on social media. 

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Kevin Feige said in a statement, “I am thrilled that Spidey’s journey in the MCU will continue, and I and all of us at Marvel Studios are very excited that we get to keep working on it. Spider-Man is a powerful icon and hero whose story crosses all ages and audiences around the globe. He also happens to be the only hero with the superpower to cross cinematic universes, so as Sony continues to develop their own Spidey-verse you never know what surprises the future might hold.”

Amy Pascal who has been a producer through her Pascal Pictures on the Tom Holland led series, said, “This is terrific. Peter Parker’s story took a dramatic turn in ‘Far From Home’ and I could not be happier we will all be working together as we see where his journey goes.”

And Sony’s word on the deal came from Robert Lawson, CCO,  “We have had a great collaboration over the last four years, and our mutual desire to continue was equal to that of the many fans. We are delighted to be moving forward together.”

The new Spider-Man film is set for release on July 16, 2021.