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Sony Comments on their Break-Up with Marvel

Spider-Man: Far From Home

News broke yesterday that the partnership between Sony and Marvel concerning the Spider-Man films is shifting.

The two studios couldn’t agree on a new financial relationship concerning films and a possible expansion of their partnership involving other characters in Sony’s Spider-Man portfolio. Disney wanted more of the pie and refused counteroffers by Sony.

In the current arrangement, Marvel would produce Sony’s Spider-Man films and the character would, in turn, be able to appear in the Marvel Cinematic Universe.

Sony puts the blame squarely on Disney over the impasse.

Much of today’s news about Spider-Man has mischaracterized recent discussions about Kevin Feige’s involvement in the franchise. We are disappointed, but respect Disney’s decision not to have him continue as a lead producer of our next live-action Spider-Man film.

We hope this might change in the future, but understand that the many new responsibilities that Disney has given him — including all their newly added Marvel properties — do not allow time for him to work on IP they do not own. Kevin is terrific and we are grateful for his help and guidance and appreciate the path he has helped put us on, which we will continue.

If reporting is correct, Disney asked Sony to take less money than they have made in their solo Spider-Man ventures. With the success of Venom and an Oscar win for Spider-Man: Into the Spider-Verse, it’s unclear how Disney thought they had the upper negotiating power.

This is also the first time since the Fox purchase Disney has been pushed back upon as far as their machinations. The 800 lb gorilla isn’t so unstoppable. The statement by Sony would also point the finger at Disney for the initial leak of the news. The scenario being that the outcry by the internet would force Sony to come back to the table. Sony appears to have called their bluff.

In likelihood, the two parties will continue negotiations and come to a deal as their two joint ventures have averaged more than Sony’s Spider-Man films and Marvel’s solo films when it comes to worldwide grosses.

You can read more of our analysis of the numbers.

(via The Hollywood Reporter)

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