Spider-Man Saves the Day—Again!

Talia Weiner, Staff Writer

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Spider-Man Saves the Day—Again!

On August 20, a wave of devastation washed over the Spider-Man fan base. Sony and Disney-Marvel were at a stalemate: the monetary negotiation for Spider-Man was leaving both parties dissatisfied, to the point of destroying their partnership. The result? No deal.

Consequently, news broke that Spider-Man was no longer involved in the MCU (Marvel Cinematic Universe) and that a third movie in the popular Tom Holland franchise was no longer in the works.

The dilemma was as follows: the official movie rights to Spider-Man belong to Sony, but Disney-Marvel had an agreement with Sony that allowed them to use this character in their movies. This agreement is no longer valid. In the recent renegotiations, Disney originally offered a 50-50 co-financing deal, which Sony refused. Both companies seemed to be quite prepared to leave this deal unresolved, until a certain on-and-off screen hero stepped in.

23-year-old Tom Holland refused to give up his role, especially after the successes of Spider-Man: Homecoming and Spider-Man: Far From Home. Holland actually reached out to Disney CEO Bob Iger by phone, begging for Iger to reopen negotiations and save the deal.

Now, less than six weeks after the initially devastating news, a more reasonable 25-25 proposal was presented to Sony, which they accepted. The third movie has already marked a date: July 16, 2021.

Whether Holland really played superhero to close this deal or the two companies were merely playing hardball, fans now anxiously wait to see Holland in action once again in the third installment.

 

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