Robin Blassberg A&E Editor
On Friday, Sept. 27, Disney and Sony arrived at a deal finalizing Spider-Man’s return to the Marvel Cinematic Universe (MCU). Disney has agreed to put up 25% of the budget for the third “Spider-Man” movie in exchange for 25% of the profits.
The movie, which is expected to finish off the character’s story in the MCU, is scheduled for release July 16, 2021 and will be produced by Kevin Feige. Feige, a producer and the president of Marvel Studios since 2007, is “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,” according to Variety. He believes that Spider-Man is “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.”
Producer Amy Pascal will also be joining Feige to work on the film. She added her relief for the studios coming to a decision since “Peter Parker’s story took a dramatic turn in ‘Far From Home.’” She deemed this a “winning partnership for the studios, the franchise, and the fans and I’m overjoyed it will continue.”
Tom Holland will be returning as Peter Parker, as well as the main cast from “Spider-Man Far From Home” and “Spider-Man Homecoming”-Zendaya, Jacob Batalon, Marisa Tomei and Jon Favreu.
The former disagreement began during the summer when the two studios announced that Spider-Man would leave Marvel due to varying positions on a financing deal. Disney was looking for a 50/50 cut on all revenue made through Spider-Man films. If this were to occur, Feige would no longer oversee Spider-Man films and the character would exist in Sony’s new Spider-Man universe. Thus, Holland would also be prevented from appearing in any more Marvel movies, which would result in a significant loss for the studio due to his relevance in recent Marvel movies.
The disagreement was also an extreme blow to fans. Campaigns for Spider-Man’s return to the MCU were all over social media in the past few months. At Disney’s biennial D23 fan convention, in August, Holland recognized the fan’s dedication by telling them, “It’s been a crazy week, and I love you all from the bottom of my heart, and I love you 3000.” Joe Russo, the co-director of “Avengers: Endgame” made sure to voice his thoughts on the split, claiming that it was a “tragic mistake.”