Fans of Spider-Man are spinning over the news that their favorite hero may be out of Disney's Marvel Cinematic Universe due to a financial dispute—though Stan Lee's daughter thinks it might be for the best. Deadline broke the story Tuesday, but understanding what has allegedly transpired means going back to 1985.
- That's the year Sony acquired the rights to the Marvel character. In 2015, it inked a partnership with Disney and Marvel that would allow Spider-Man to be used in MCU films like Avengers: Endgame, reports the AP. With Marvel now back in the game, it allowed Marvel Studios president Kevin Feige to serve as a producer on stand-alone Spider-Man movies like July's Far From Home—which is currently the highest-grossing film ever in Sony Pictures' history.
- So, yeah, there's a lot of money at play. When the deal was made in 2015, the terms had Sony taking on 100% of production costs; Disney got 5% of first-day ticket sales, per CNBC, and held all merchandising rights. Disney reportedly wanted to change that, with it taking on 50% of the production costs—and getting 50% of the profit.