Spider-Man returns to the Marvel Cinematic Universe with a third solo film

After a few weeks of uncertainty and fan outcry, everyone’s favourite webhead is coming back to the Marvel Cinematic Universe.

Sony Pictures Entertainment and The Walt Disney Studios announced together on Friday that the film would be produced by Kevin Feige and Marvel Studios.

The untitled sequel will be the third film in the Spider-Man Homecoming series with Tom Holland in the title role.

Back in August, it was revealed that Sony and Disney couldn’t come to an agreement over future Spider-Man MCU films. It was rumoured that Disney wanted a 50/50 financing deal with Sony. The previous deal had Disney get 5% of first-dollar gross and all merchandise revenue while Sony would get the rest of the box office sales.

No details have been announced of the financial arrangements for the upcoming Spidey film but sources tell Variety that Disney and Marvel will get 25% of the box office profits and all merchandising rights and put up 25% of the film’s financing.

“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,” said Feige.  “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 produced Homecoming and Far From Home via Pascal Pictures, is on-board for the upcoming film.

“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,” said Pascal.  “This has been a winning partnership for the studios, the franchise and the fans and I’m overjoyed it will continue.”

Spider-Man Homecoming grossed $880 million while 2019’s Far From Home hit $1.1 billion, making it the only Spider-Man film to do so.

Deadline is reporting that director Jon Watts is in final talks to return to the director’s chair for the third Spider-Man MCU film.

As part of Disney and Sony’s deal, Tom Holland’s Spider-Man will appear in a future Marvel Studios film.

The film is set to be released on November 5th, 2021.

Update – July 23rd, 2020: Sony has delayed their Untitled Spider-Man: far From Home Sequel by a few weeks from November 5th, 2021 to December 17th, 2021.

Source: Sony via Variety