The National Nightmare is Over, Disney and Sony Strike a Deal for One More Spider-Man Movie
It shouldn’t be a surprise to anyone but Disney and Sony have struck a deal to work on one more Spider-Man movie together. The film will be released July 16, 2021 and will most likely pick up where Spider-Man: Far From Home left off.
In 2015 Marvel and Sony entered into a partnership where Marvel would help create Sony’s Spider-Man films. The two released Spider-Man: Homecoming and Spider-Man: Far From Home together and brought the character into the Marvel Cinematic Universe appearing in Civil War, Avengers: Infinity War, and Avengers: Endgame.
Marvel’s Kevin Feige said:
I am thrilled that Spidey’s journey in the MCU will continue, and I and all of us at Marvel Studios are very excited that we get to keep working on it. Spider-Man is a powerful icon and hero whose story crosses all ages and audiences around the globe. He also happens to be the only hero with the superpower to cross cinematic universes, so as Sony continues to develop their own Spidey-verse you never know what surprises the future might hold.
Feige’s statement hints that the relationship might see the character continue in the Marvel Cinematic Universe proper as well.
The deal fell apart in August after Disney wanted a bigger piece of the pie and more control over other Spider-Man characters Sony controls.
Both companies have found success with the character who has become important in the MCU and the two films grossed more than the previous Sony Spider-Man films as well as the average solo character Marvel film. Marvel also gets the benefit of merchandising sales of the character.
On average, Sony has just had more success on their own compared to Marvel on their own. When you take out the three Avengers team films, the average Sony live-action Spider-Man film grosses more than Marvel films. Worldwide, Sony sees $803.2 million per film compared to Marvel’s $758.6 million (and that includes Marvel’s four billion dollar solo films). Domestically, the two are similar with Marvel grossing $309.3 million compared to Sony’s $298.7 million. Internationally, Sony wins with $504.5 million to Marvel’s $449.3 million. While Sony’s average budget is higher, they still have a higher “profit” of $606.2 million compared to Marvel’s $586.3 million. The multiplier for Sony is 4.65x on average to Marvel’s 4.17x. So, Sony has had success with their films before Marvel ever became involved (just because you didn’t like the film doesn’t mean it wasn’t a success).
Interestingly, the two are stronger together as their joint ventures beat both studios separately. On average the two joint Spider-Man films have earned $355.4 million domestically, $636.1 million internationally, $991.5 million worldwide, $824 million “profit,” and a 5.96 multiplier. Sony’s original Spider-Man trilogy has still performed better than this third volume which has really seen its success at the international box office.
Sony is in the process of setting up their own cinematic universe involving a sequel to Venom, the upcoming Morbius and more rumored films.
(via The Hollywood Reporter)