It’s official–Kevin Feige will no longer produce any future “Spider-Man” films because Disney and Sony Pictures were unable to reach new terms on the film series’ financing.

In a new report by Deadline, it was revealed that Disney and Sony have been going back and forth over the past few months over negotiations of the film series’ co-financing and it has just ended with Feige and Marvel no longer being involved in the “Spider-Man” universe.

As we recently shared, “Spider-Man: Far From Home” has hit big at the box-office. However, this wasn’t enough to remedy Sony and Disney’s deal. In Deadline’s report, it was revealed that Disney was asking that future Spider-Man films be a 50/50 co-financing arrangement between the studios. Although, it was reported that Sony not only turned down Disney’s offer but refused to come back with a counter.

Prior to Sony walking away from Disney, it seems Sony wanted to keep the company’s prior arrangement with Disney, where Marvel receives in the range of 5% of the first dollar gross. This wasn’t enough for the house of mouse.

According to sources, there are two more “Spider-Man” films in the current universe with Tom Holland. And as of now, Kevin Feige will not be the lead creative producer of these films.

For the MCU fans out there concerned they’ll never see Tom Holland’s Spider-Man reunite with the Avengers again–it’s worth noting this report doesn’t state that Tom Holland’s Spider-Man won’t appear in future MCU films. But, it does state that any stand-alone films of the web-slinging character will now be solely under the control of Sony Pictures.

In the current Tom Holland “Spider-Man” Universe, Kevin Feige and Marvel have both had a hand in the productions of “Spider-Man: Homecoming” and “Spider-Man: Far From Home.” But now, going forward Sony will take full reigns all by themselves with the character.

What are your thoughts on Kevin Feige and Marvel no longer having a hand in the current “Spider-Man” universe? Let us know in the comments below!

Source: Deadline