Sony Pictures and Marvel’s very public break-up over a deal to work together on the third Tom Holland lead Spider-Man caused a major backlash amongst the films many fans. Thankfully, the two companies have now finally settled their differences to carry on working together for the web-slinger’s third movie.

Both companies released a joint statement stating that Marvel Studios and its President, Kevin Feige would, in fact, are back on board to produce the next instalment in Spider’s journey.

“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,” Feige said in a statement. “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.”

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A new deal is believed to have been signed on Thursday between Sony Pictures chief Tom Rothman, Feige and Walt Disney Studios co-chairs Alan Horn and Alan Bergman. The deal will see Feige return to the producer’s chair with Marvel and Disney receiving roughly 25% of the profits. They will continue to maintain the merchandising rights whilst stumping up almost a quarter of the financing. Spider-Man will also appear in one future Marvel Studios film.

Amy Pascal will also continue to produce on behalf of Pascal Pictures. “Peter Parker’s story took a dramatic turn in ‘Far From Home’” Pascal stated. “I could not be happier we will all be working together as we see where his journey goes.”

The film is scheduled for release on July 16, 2021

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Features and News Writer at HeyUGuys, Once failed wannabe actress, Ex-music industry veteran who once dabbled in Artist Management, and now Film Journalist extraordinaire. My love for the arts has seen my fingers in many pies but my love of Film won the battle. Current work credits include Film Journalist/Writer at HeyUGuys, Film Editor at Flavourmag, London Live's London Film Club and DIY Magazine. Previous work credits contributor at The Voice Newspaper, FlickFeast, MyFilmClub and film review slot on radio.