UPDATE: August 20, 2019, 21:17 – Sony Pictures confirms Spider-Man divorce with Marvel Studios, per The Hollywood Reporter.
UPDATE: August 20, 2019, 18:40 – Per Variety, Disney and Sony are still in negotiations over Spider-Man.
Spider-Man is now really far from home.
Per Deadline, who first broke the news, Marvel Studios and Sony failed to reach new terms that would have allowed the former to continually produce future Spider-Man films as part of the Marvel Cinematic Universe.
The reported dispute comes at a time when Spider-Man: Far From Home not only made it to the billion-dollar club (as of date, it has grossed at $1.099B in the box office), but claimed the throne as the all-time highest grossing film for Sony Pictures. All three MCU films that were released in 2019 (Captain Marvel, Avengers: Endgame and Far From Home) have joined the club.
Tom Holland, whose contract is reportedly for six films, has already appeared in five (Captain America: Civil War, Spider-Man: Homecoming, Avengers: Infinity War, Endgame, and Far From Home), although sources say that there are actually two more Spider-Man films in the works with Holland as front and center, as well as director Jon Watts.
As of right now, Marvel Studios president Kevin Feige is still to be lead creative producer of the aforementioned. But this is potentially why Marvel Studios didn’t announce a new Spider-Man film during their presentation at San Diego Comic-Con.
For further details on this breaking news, click here for Deadline‘s full article.
In other Far From Home news, Sony is reportedly following the footsteps of Feige and Endgame, giving Far From Home a theatrical re-release in celebration of becoming the studio’s highest grossing film. The re-release will reportedly debut four minutes of new footage consisting of an action sequence yet to be announced. Far From Home is still playing in theaters.