Disney and Sony came to an agreement on the rights on ‘Spider-Man’ Friday, September 27. The deal was made based on how the money and rights would be split for the upcoming movies and merchandise of the character. Previously, Disney wanted a 50-50 split of the money. But when Sony refused, they went in with a more likely 25-75  split. When Sony didn’t counter for six months, Disney got worried. 

According to The Hollywood Reporter, “In June, before the opening of “Spider-Man: Far From Home”, Disney Studios co-chair Alan Horn abruptly broke off negotiations.”

This ultimately lead to the announcement of the break down in August. According to CNN, “The relationship broke down, with the announcement that Feige would no longer oversee the production of the Spider-Man movies.”

After over a month of negotiating they finally came to a 25-75 agreement. Disney would have a part in making and producing the ‘Spider-Man’ movies but would only own 25% and only collect 5% of the money upcoming movies would make.

According to The Washington Post, Marvel’s Kevin Feige said, “I am thrilled that Spidey’s journey in the MCU will continue, and all of us at Marvel Studios are very excited that we get to keep working on it. 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.”

 The upcoming ‘Spider-Man’ movie is expected to hit the box office in the summer of 2021. It is expected to make roughly one billion dollars worldwide.