Kevin Feige, Marvel Studios president credited for making blockbuster comic book films, will produce this new Spider-Man film, which will once again feature Tom Holland in the titular role
Sony Pictures and Marvel have finally reached an agreement to jointly produce the third film in Spider-Man: Homecoming series. Both companies made the announcement yesterday.
Kevin Feige, Marvel Studios president credited for making blockbuster comic book films, will produce this new Spider-Man film, which will once again feature Tom Holland in the titular role. The film will be released on July 16, 2021.
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 a 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."
As part of the arrangement, Spider-Man will also appear in a future Marvel Studios film, and Amy Pascal, who produced the first two films in the series through Pascal Pictures, will again produce this film.
Pascal said in her statement: "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."
Reportedly, Disney, which owns Marvel Studios, were in a stalemate with Sony, with regards to the financial deal for the film. Disney wanted the film to be produced with both Marvel Studios and Sony, and share 50% of the budget each. They also wanted Feige to be in the capacity of consulting producer.
Sony reportedly had proposed to keep the arrangement under the current terms, which also meant that Marvel will receive about 5% of the total first income from the film, and merchandising revenues.
The first three films on Spiderman, starring Tobey Maguire, were directed by Sam Raimi, and produced by Sony, who had the license for making films on the superhero for two decades. The first three films were critically acclaimed, and did well in the box office. Sony's second venture with the character, with Andrew Garfield in the role, was not as successful.
Marvel and Feige made the 2017's Spider-man: Homecoming, which did well in the box office. Spiderman also appeared in the massively successful Avengers film series, which further enhanced this new iteration of the character.