Spiderman out of MCU after Disney and Sony's stake-share fall out

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Spiderman out of MCU after Disney and Sony's stake-share fall out

The success of Avengers: End Game, the final instalment of the Marvel Cinematic Universe (MCU) and Spiderman: Far From Home has given away to problems. On Tuesday, Sony Pictures that owns rights for the character announced that it would be splitting from Disney that produces MCU movies.

As a result, Spiderman will not be a part of the MCU, going forward. The reason for the fall-out is said to be differences in the stake-holding agreement for Spiderman movies, and Disney’s disinclination towards Kevin Feige’s involvement in the MCU movies.

Feige is the Marvel president and has been associated with the MCU movies, beginning with Iron Man that released in 2008. Incidentally, it was Iron Man’s success that spawned off the MCU’s triumphant continuity in Hollywood.

In its statement outlining their parting of ways and indicating its displeasure about Disney’s treatment of Feige, Sony stated, “Much of today’s news about Spider-Man has mischaracterised recent discussions about Kevin Feige’s involvement in the franchise.

We are disappointed, but respect Disney’s decision not to have him continue as a lead producer of our next live-action Spider-Man film…Kevin is terrific and we are grateful for his help and guidance and appreciate the path he has helped put us on, which we will continue”.

According to reports, Disney had wanted an equal stake in the next Spiderman movie. It had also asked that Feige’s role be transitioned to that of the consulting producer. The discussions regarding this had been ongoing for the past few months, the reports added.

As of now, the existing agreement between the two parties granted Disney five per cent of the “first-dollar gross” and all revenue that was generated through merchandising of the MCU characters. The remaining was Sony’s share. Sony’s reiteration on the continuation of this agreement led to the dispute.