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Sony Issues Statement on Spider-Man Split With Marvel

August 21, 2019 | Posted by Jeremy Thomas
Tom Holland Spider-Man: Homecoming

Sony Pictures has issued a statement on the big story from yesterday that they had split with Marvel in regard to the Spider-Man franchise. As reported yesterday, Sony has ended Marvel Studios and Kevin Feige’s involvement in the film series over their co-financing negotiations, after Disney sought a major increase in their financing split (and profit-sharing) from 5% plus merchandising to 50%.

Since that report, Sony has issued a statement via Twitter to address the uproar over the development. In the full statement, which you can see below, Sony states that the news largely “”mischaracterized” matters and put the reason for Feige no longer being involved on Disney. They noted, “We are disappointed, but respect Disney’s decision not to have him continue as a lead producer of our next live action Spider-Man film.”

The statement continues, “We hope this might change in the future, but understand that the many new responsibilities that Disney has given him – including all their newly added Marvel properties – do not allow time for him to work on IP they do not own. Kevin is terrific and we are grateful for his help and guidance and appreciate the path he has helped put us on, which we will continue.”

Marvel and Disney, for their parts, have yet to publicly comment ont he news. Feige has gained an additional workload as of late, with the Fantastic Four and X-Men coming under his purview as part of the Disney purchase of FOX.