Spider-Man returns to Marvel Universe after Sony and Disney patch up

Sony Pictures Entertainment and The Walt Disney Studios have jointly agreed on a third Spider-Man film which will be produced by Marvel Studios and its president Kevin Feige. The film is scheduled for release on 16 July 2021 and as part of the arrangement, Spider-Man will also appear in a future Marvel Studios film.This comes a month after Disney and Sony Pictures Entertainment were unable to come to an agreement on the new terms of co-financing between both parties. Fans took to social media to express their disapproval of Spider-Man departing the Marvel Cinematic Universe.In light of this reconciliation, lead Spider-Man actor Tom Holland and casts such as Zendaya took to Instagram and Twitter to express their delight. In a statement to Marketing, a spokesperson from Sony Pictures Entertainment said much of today’s news about Spider-Man has “mischaracterised” recent discussions about Feige’s involvement in the franchise.“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,” said Feige.  “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.”“This is terrific.  Peter Parker’s story took a dramatic turn in Far From Home and I could not be happier we will all be working together as we see where his journey goes,” said Pascal.  “This has been a winning partnership for the studios, the franchise and the fans and I’m overjoyed it will continue.”