"Much of today's Spiderman news has changed recent discussions about Kevin Fage's involvement in the franchise," says a Sony spokesman. "We are disappointed, but we respect Disney's decision not to make him the lead producer of our next action movie, Spiderman."
The studio then tells Fage, who is marketing the healthy Marvel cinematic universe for the Disney-owned movie Marvel may just have too much on its plate, given that Disney recently acquired additional Marvel characters through its acquisition of 21st Century Fox.
"We hope this can change in the future, but we understand that many of the new responsibilities Disney has assumed ̵
The statement comes as THR and others said Tuesday that Sony and Disney have parted ways as co-producers in the revived Spider-Man movie franchise. Reports show that studio bosses Tom Rothman of Sony and Alan Horn at Disney could not agree on a financing deal to continue working together.
Disney and Sony have a unique partnership with Marvel to create Tom Holland's Spider-Man films. The deal sees Fage as the leading producer of Spider-Man: Homecoming and Spider-Man: Far From Home in a sophisticated arrangement that allows a character whose movie rights are controlled by Sony , appeared in Captain America: Civil War and two films Avengers .
The two sides talked about ways to extend the deal for the future Spider-Man films about the Dutch star, but the talks have recently collapsed.
Sony announced on Monday that Far From Home has surpassed Skyfall to become the studio's most successful release, with a worldwide weight of $ 1.109 billion and counting The movie will be reissued over Labor Day weekend with 4 minutes extra footage.