Yes you read right, according to Deadline reports Marvel Studios is set to split from Sony Pictures’ Spider-Man franchise.

This shocking decision will lead to the removal of the Spider-Man version of Peter Parker played by Tom Holland from the Marvel Cinematic Universe.

According to Deadline’s sources, the issue started when Disney asked that financing for future Spider-Man films be 50/50, a deal, Sony reportedly turned down.

Deadline reports that current terms states that Marvel receives in the range of 5% of first dollar gross

In 2015, Sony entered into an agreement with the Disney-owned Marvel Studios to share the Spider-Man character. Essentially, Disney got to use Tom Holland’s version of Spider-Man in its Marvel Studios movies – 2016’s Captain America: Civil War, 2018’s Avengers: Infinity War, and this summer’s Avengers: Endgame.

And Marvel Studios chief Kevin Feige produced Sony Pictures’ Spider-Man movies for them, fully integrating the films within the MCU 2017’s Spider-Man: Homecoming and this summer’s Spider-Man: Far From Home.

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