The friendly neighbourhood Spider-Man is set to exit the Marvel Cinematic Universe (MCU) after the talks between Sony Pictures and Disney fell through.
According to Deadline, the two studios were engaged in discussions to renew the deal that enabled the web slinger's appearance in the money-minting MCU.
Disney, which owns the Kevin Feige-led Marvel Studios, had demanded that it wanted to split future Spider-Man movies in a 50/50 co-financing arrangement, that also meant a 50/50 split in the profits.
After Sony declined to agree on the new terms, Disney removed Feige and Marvel as producers of the future projects.
In a statement, a Sony spokesperson said, "Much of today's news about Spider-Man has mischaracterised 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."
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