Sony and Disney have announced they will team up for a third movie in the Spider-Man Homecoming series.
Marvel Studios and President Kevin Feige will produce the movie starring Tom Holland, which has a release date of July 16, 2021.
Spider-Man will also appear in a future MCU film, as arranged with the partnership. Amy Pascal – producer on the previous two Spider-Man films in the series – will be producing the third one as well through Pascal Pictures.
“I am thrilled that Spidey’s journey in the MCU will continue, and I and all of us at Marvel Studios are very excited that we get to keep working on it,” Feige said in a statement. “Spider-Man is a powerful icon and hero whose story crosses all ages and audiences around the globe.”
More details have been released on the terms of the deal from Variety, stating the agreement was signed on Thursday night, and involved Sony Pictures’ chief Tom Rothman, Marvel’s Feige and head of Disney, Alan Horn.
Marvel and Disney will reportedly receive about 25% of the profits, according to Variety, with Disney still retaining its merchandising rights and putting up approximately a quarter of the financing. Previously, Disney had wanted the deal to be split 50/50, according to reports.