Deadline reports that this shocking decision will lead to the removal of the Spider-Man version of Peter Parker played by Tom Holland from the Marvel Cinematic Universe.
According to Deadline’s sources, the issue started when Disney asked that financing for future Spider-Man films be 50/50, a deal, Sony reportedly turned down.
Deadline reports that current terms states that Marvel receives in the range of 5% of first dollar gross
In 2015, Sony entered into an agreement with the Disney-owned Marvel Studios to share the Spider-Man character. Essentially, Disney got to use Tom Holland’s version of Spider-Man in its Marvel Studios movies – 2016’s Captain America: Civil War, 2018’s Avengers: Infinity War, and this summer’s Avengers: Endgame.
And Marvel Studios chief Kevin Feige produced Sony Pictures’ Spider-Man movies for them, fully integrating the films within the MCU 2017’s Spider-Man: Homecoming and this summer’sSpider-Man: Far From Home