Sony Pictures and Disney had a deal which gave Marvel Cinematic Universe legal rights to make Spider-Man movies. Talks between the two companies to renew the deal have recently collapsed. In a plot worthy of the films themselves, Spider-Man is now set to leave the Marvel Universe.
Disney, the owner of Marvel Studios, had demanded a 50/50 funding and profit split with Sony. Sony declined causing Disney to remove Marvel as producer of future films. A Sony spokesperson expressed disappointment over Disney’s decision while saying that Sony would continue producing Spider-Man movies without Marvel. Sony is already working on Spider-Man spin offs including Tom Hardy’s Venom and Morbius. A sequel to the animated Spider-Man film, Spider-Man: Into the Spider-Verse, is also being produced. We’ll have to see of these back office battles effect the on-screen results.