Entertainment Arts Marvel Films might lose Spider-Man because of Sony deal breaking down

Marvel Films might lose Spider-Man because of Sony deal breaking down




- Advertisement -

Talks between Disney-owned Marvel and rival Sony to ‘share’ Spider-Man broke down and it could mean that Marvel’s superhero films may be without their famous character.

Marvel movies have grossed $22 billion at the global box office and British actor Tom Holland’s Spider-Man has become a central figure in the most lucrative franchise in film history.

However, Sony owns the character’s movie rights even though Spider-Man has for decades been the ‘crown jewel’ of the Marvel comic book empire.

Spider-Man only began appearing in Marvel’s cinematic universe after an almost unprecedented, and still high secretive 2015 deal stuck between the Hollywood giants with the two studios co-producing and splitting profits across the films.

- Advertisement -

Disney and Sony’s partnership broke up following their failure to agree on financial terms for future films.

Kevin Feige, Marvel Studios boss widely credited with the phenomenal boom in comic book movies of the past decade will no longer produce Sony’s standalone Spider-Man films according to Deadline.

Hollywood Reporter journalist Graeme McMillan said it is ‘almost certain’ the Spider-Man character will be absent from crossover appearances in future Marvel films too.

“Ultimately, this is far more of a problem for Marvel than it is for Sony,” he wrote, noting how Spider-Man had become “the face of the Marvel Cinematic Universe” by the franchise’s most recent movie.

Marvel parent Disney had wanted to increase its financial stake in future Spider-Man films while Sony refused to alter the existing terms, Deadline reported.

In financial terms, Spider-Man is one of the most successful superheroes in movie history.

Holland’s version of Spider-Man has appeared in five Marvel Studios and Sony films movies since the collaboration deal, which collectively grossed almost $8 billion worldwide.

These span from his introduction in Captain America: Civil War to a starring role in the series’ most recent outing, Spider-Man: Far From Home.

They also included Avengers: Endgame, the biggest-grossing movie of all time.

At Comic-Con last month, Marvel Studios set out a timeline of films and television shows scheduled for the next two years including new outings for popular characters Thor, Black Widow, Doctor Strange and Loki – but none featuring Spider-Man.

Sony last year produced an Oscar-winning Spider-Man animation separate from Marvel Studios’ domain, and a standalone film centred on popular Spider-Man villain Venom.

Neither Sony nor Disney has publicly commented on the reports.Follow us on Social Media

Send in your scoops to news@theindependent.sg 

- Advertisement -

MOH issues POFMA correction order to Goh Meng Seng, Singapore Uncensored over Covid vaccines’ adverse effects

Singapore — People's Power Party leader Goh Meng Seng and the Singapore Uncensored website were asked to post correction notices online for false claims that Covid-19 vaccines are linked to incidents of stroke and heart attack, the Ministry of Health (MOH)...

Singapore economy posted 0.2% growth on a year-on-year basis: Chan Chun Sing

Singapore — The Singapore economy has begun slowly recovering in the new year. According to the Ministry of Trade and Industry (MTI), based on advance estimates, the Singapore economy grew by 0.2 per cent on a year-on-year basis in the first quarter...

Writer Sudhir Thomas Vadaketh outlines reasons for hope amid 4G succession crisis

Singapore—In a piece for new media outfit thehomeground.asia, writer Sudhir Thomas Vadaketh argues that there are “reasons” for hope in spite of the shock waves the country received last week over the PAP’s leadership succession. Deputy Prime Minister Heng Swee Keat announced...
Follow us on Social Media

Send in your scoops to news@theindependent.sg