After splitting up briefly, Sony Pictures and Marvel have found a way to get back into business with Spider-Man together.
On Friday, the two companies jointly announced that Marvel Studios and its president, Kevin Fage, would produce the third movie in the spider-man series: Returning Home. It will again feature Tom Holland recreating his role as the protagonist. The hearing mill returned to life this week with hints that the two companies are nearing a new deal.
News emerged in the summer that Disney, Marvel's parent company, and Sony had reached a dead end for new funding deals. Disney wanted the film to be funded on a 50/50 basis, with Feige remaining as a consulting producer. Sony is said to have offered to keep the deal under current conditions, which predicts that Marvel receives about 5% of gross first dollar and all merchandising revenue.
The new deal was signed late Thursday night. Top players from both studios, including Sony Pictures boss Tom Rothman, Fage and Walt Disney Studios manager Alan Horn, participated in the talks. In exchange for borrowing Fage's mastery, Marvel and Disney will receive approximately 25% of the profits, according to insiders. Disney will retain its trading rights. As part of the arrangement, Spiderman will also appear in a future Marvel Studios movie.
The movie is scheduled to release on July 1
"I'm glad Spidey's trip to the MCU will continue and I and all of the Marvel studios are very excited to continue working on this," Fage said in a statement. "Spider-Man is a powerful icon and character whose history crosses all ages and audiences around the world. He is also the only superpower character to cross cinematic universes, so as Sony continues to develop his Spidey verse, you never know what surprises the future may have. "
Pascal was equally euphoric in his speech. "That's great," she said. "Peter Parker's story has taken a dramatic turn on Far Away, and I couldn't be happier that we will all work together as we see where his journey goes."
Marvel licensed Sony's Spiderman license for nearly two decades, an agreement they made before Disney's $ 4 billion acquisition of the comic book company in 2009. Sony has gained critical and financial recognition with its first round of Sam Reimi-directed Spider-Man films by Toby Maguire. His second effort, with the participation of Andrew Garfield and director Mark Webb, was far less successful, sending the studio back to the drawing board.
With the return of Marvel and Fage to the backdrop of 2017's "Spider-Man: Homecoming," the studio was able to bring back the creative mogul of the first series. He also gave impetus to the fact that Holland's web spinner appeared in the Avengers movies, making Spidey a key member of the super team. Sony says it is pleased to have reached an agreement
"We've had a great deal of collaboration over the last four years and our mutual desire to continue has been the same for many fans," says Robert Lawson, Chief Communications Officer at Sony Pictures Entertainment . "We are glad to go forward."