The news prompted many fans to assign blame for the situation on either Sony or Disney, though most continue to hope both parties can resume negotiations and reach a deal to keep Tom Holland's Spider-Man and Zendaya's MJ in the Marvel Cinematic Universe. Disney had reportedly been asking for a 50/50 stake. In addition to, we all know that Spider-Man: removed from Residence and Spider-Man: Homecoming each of films had been made below the Sony or Marvel's settlement.
Fans had speculated that Sony might have to reboot its Spider-Man saga now that it's parting ways with Disney.
Sony confirmed that Marvel Studios boss Kevin Feige - widely credited with the phenomenal boom in comic book movies of the past decade - will no longer produce Spider-Man films, with a spokesman adding the studio was "disappointed". Without Feige, Marvel, and the influence, experience, and insight that they bring to superhero film projects, it wouldn't be the same film-making experience for Watts.
With Feige not producing future "Spider-Man" films, the impasse effectively removes Tom Holland's Spider-Man from the Marvel Cinematic Universe.
Meanwhile, Avengers: Endgame, produced by Feige, has become the highest-grossing movie of all time, overtaking James Cameron's Avatar and pulling in $2.75 billion. The studio's previous holder of that title was the 2012 James Bond film Skyfall, which raked in $1.108 in worldwide ticket sales. But now with Spider-Man: Far From Home out the way, the two studios have reassessed their agreement going forwards into Marvel Phase 4. Along with Spider-Man, they included the Fantastic Four, the X-Men, Thor, the Incredible Hulk and Iron Man, among others.
As fans took to social media to post about their displeasure over the whole ordeal, many turned to one person who they believed could swoop in and save Spider-Man...
Spider-Man collections and ratings were heading south before Kevin Feige stepped in.
Sony's representative echoed that, saying Sony was "grateful for his help and guidance and appreciate the path he has helped put us on, which we will continue". In the meantime, the internet is now losing their minds over one simple question: are Peter Parker and Spider-Man still a part of the Marvel Cinematic Universe?
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