Negotiations between Marvel and Sony have reportedly broken down leaving them without a deal. Fans were shocked when Marvel and Sony announced in 2015 that they would be splitting the rights on a slew of Spider-Man movies. The deal stated that they wouldn’t co-fund any movies and would each keep all the profits from the ones they worked on.
Negotiations went on for a number of months as the two media giants went back and forth trying to strike a new deal after the old one expired. However, according to Screen Rant, these negotiations reached a point of stagnation when Disney demanded a 50% budget/profit split. Sony refused their demand, preferring to keep the situation as it was.
And now with Venom becoming a box office hit and into the Spider-Verse winning an Oscar. Sony has begun to make a success of their Spider-Man related characters, further complicating the matter.
This was not the case when Marvel and Sony first struck the deal. Amazing Spider-Man 2 had flopped that same year and Sony’s “spider-senses” began to tingle as it became apparent that their hold on the property could be in jeopardy.
There is the slight possibility of the two juggernauts beginning talks again to restructure a deal. This outcome would be most beneficial for both parties involved. Five movies later and Marvel has turned the character back into a great success. Earlier this week, Spider-Man Far From Home overthrew Skyfall as Sony’s biggest box office movie ever. And whilst the wall-crawler has one of the greatest rogue galleries ever. This pales in comparison to his involvement in the MCU. Some fans have even gone as far as to say they will be boycotting all Spider-Man movies until he returns.
He also leaves behind a Hulk-sized hole in the MCU. It has been a dream come true for fans to see the web-slinger interact on screen with all the other iconic Marvel characters where he belongs. However, it seems like all fans can do is wait and hope for the best. As we sit powerless waiting for a new deal.