‘Kevin is terrific and we are grateful for his help and guidance,’ Sony added
Sony Pictures has spoken out after news broke that its partnership with Disney on theSpider-Manfranchisehas come to an end.
In a statement, Sony said it was disappointed that the company is pulling Marvel headKevin Feigeaway from producing futureSpider-Manfilms.
Much of todays news about Spider-Man has mischaracterized recent discussions about Kevin Feiges involvement in the franchise, the studio said in a statement obtained by EW.
Credit: Jay Maidment/Sony
We are disappointed, but respect Disneys decision not to have him continue as a lead producer of our next live-action Spider-Man film.
Sony also noted that Feige may already have his hands full with the ever-expanding Marvel Cinematic Universe after its acquisition of 21st Century Fox.
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, the statement continued.
Alberto E. Rodriguez/Getty Images
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.
It was announced on Tuesday that Sony and the Disney-owned Marvel Studios wereending their dealto share theSpider-Manfranchise due to a disagreement over their financial arrangement.
Sony owns the rights to Spider-Man and related comic characters, but a few years ago, it struck an agreement with Marvel to allow the character to appear in some installments of the Marvel Cinematic Universe.
This allowed for Tom Holland to step into Spideys shoes in Marvels 2016 filmCaptain America: Civil Warand the two Avenger movies.
Meanwhile, the actor also played Peter Parker in standalone features likeSpider-Man: HomecomingandSpider-Man: Far From Home,with Feige serving as lead producer.
Disney allegedly asked to share co-financing on futureSpider-Manfilms 50-50, while Sony preferred the financial terms to remain as they had been onHomecomingandFar From Home,where Marvel received in the range of 5% of first-dollar gross,Deadlinereported.
TheSpider-Manfranchise is Sonys most valuable brand at the moment, withFar From Homeovercoming the James Bond filmSkyfallto become the studioshighest-grossing movieof all time.
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