Marvel Studios president Kevin Feige has pulled out of producing future Spider-Man movies. The news was first reported by Deadline and later confirmed by Sony Pictures. According to Deadline’s reporting, the break is due to disputes between Sony — which still holds the rights to the character — and Marvel’s parent company Disney over revenue sharing from films starring the web-slinging hero.
Marvel and Sony’s partnership allowed Sony to keep Spider-Man’s film rights and earn piles of money at the box office, while Marvel got to incorporate the character into the MCU. Marvel also received a first dollar gross — which usually refers to a a percentage of the movie’s gross revenue — payout in the range of 5 percent according to Deadline’s sources. The specific details of Marvel’s deal with Sony isn’t public knowledge.