UPDATE:A studio insider told Collider, “This comes down to producer credit only and our understanding is negotiations are ongoing.” Original story below:

Some absolutely web-shattering news today out of comic book movie land.Deadlinereports that Marvel Studios presidentKevin Fiegewill no longer serve as producer on futureSpider-Manmovies. The last few months have reportedly seen a dispute between Disney and Sony over the co-distribution rights they’ve shared since 2017’sSpider-Man: Homecoming, and a failure to come to terms has essentially jettisoned Feige and Marvel from future Spidey projects.

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The timing on this news is mind-boggling, asTom Holland’s Peter Parker just appeared inAvengers: Endgame—now the highest-earning film of all time—and then took the lead inSpider-Man: Far From Home, which surpassed the James Bond filmSkyfalllast weekend to become Sony’s highest-grossing film.

According to the report, two more films are still coming down the pipeline with Holland in the lead web-head role andJon Wattsreturning to the director’s chair. Whenever these two projects come to pass, Feige will not serve as lead creative producer. And apparently, the decision simply comes down to money. (Okay, alotof money.) Sony, led byTom RothmanandTony Vinciquerra, reportedly turned down an offer by Disney of a 50/50 co-financing deal on future Spider-Man projects, a deal that may have stretched into other MCU entries in which the character appeared. Under the current deal, Marvel gets around 5% of first-dollar gross.

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As is, there are more than a few questions left hanging in the air. First and foremost, can Holland’s Spider-Man still appear in the Disney-produced MCU movies, whichFar From Homeset up as the clear path forward? Also, does this mean the character can possibly make his way over to the Sony-onlyVenommovies?

More to come…

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