Sony just killed its Spider-Man deal with Marvel

What does this mean for the web slinger's future?

What you need to know

• Sony has reportedly killed its deal with Marvel to share Spider-Man.
• If true, Spider-Man will no longer be part of the MCU.
• The report said Jon Watts and Tom Holland are onboard to make two more Spider-Man films.

According to a Deadline report, neither Marvel or Marvel's Kevin Feige will be involved in the Spider-Man universe going forward. Sony apparently axed the deal after Disney proposed a 50/50 co-financing arrangement between the studios.

From the sound of it, Sony will instead rely heavily on director Jon Watts, who was responsible for helming Spider-Man: Homecoming and Spider-Man: Far From Home. Deadline said there are two more Spider-Man films coming from Jon Watts and Tom Holland, though it's unclear how they'll link to the overall MCU, if at all.

Deadline's report said that Sony simply doesn't want to share its biggest franchise, despite Marvel completely turning it around following the failure of The Amazing Spider-Man with Andrew Garfield. Kevin Feige would have apparently stayed on as producer if Disney and Sony reached new deal terms.

Essentially Sony has made a decision that is similar to saying, thank you, but we think we can win the championship without Michael Jordan. After all, Feige's first decade at Marvel is largely unblemished and his consistency has been nothing short of historic: even George Lucas, Steven Spielberg and Peter Jackson haven't seen everything turn into a hit, and so maybe only James Cameron has the success record that Feige has achieved. But Feige has done it all in the last 10 years, producing and overseeing 23 superheros, with not a flop in the bunch. They've all been number one openers that have collectively grossed $26.8 billion.

Over the last several months, Marvel and Sony considered the possibility of a wider involvement in the Sony-controlled Spider-Man universe, Deadline said, but everything has gone to hell over money.

"Sources said that Sony reasoned that they will be fine without Feige," Deadline's report said. "The creative template has been set on the Spider-Man films, and Watt and Holland are in place along with Amy Pascal, who became producer with Feige after she exited the executive suite after presiding over the previous Spider-Man iterations directed by Sam Raimi and Marc Webb as Sony Picture chief."

With the incredible success achieved by Spider-Man: Far From Home and the buzz around Spider-Man: Into the Spider-Verse, which Sony made on its own, it appears Sony is confident it no longer needs Marvel.