Sony & Disney Executives say Spider-Man deal was “win” for everyone

Sony & Disney Executives say Spider-Man deal was “win” for everyone

By Stephen Ippolito | Feb. 17th, 2020

Spider-Man on the big screen has had a busy year. In April 2019, he was part of the record-breaking Avengers: Endgame, and in July, the second Disney/Sony produced film Spider-Man: Far From Home was released, grossing over $1.1 Billion at the world box office.

There was also some bad news. In August, discussions for an extension on the jointly produced series broke down, and many fans thought that they would never see Spider-Man in the MCU again. However, a month later, fans could finally breathe easy after both studios announced a new deal had been struck for a third Spider-Man film to take place in the MCU.

During a recent segment of The Hollywood Reporter’s round-table discussion series, executives from all major studios were in attendance. This included Walt Disney Studios Co-Chairman Alan Horn and Sony Chairman Tom Rothman. When the Spidey negotiations came up, both said that the fans were a driving force in getting the deal done.

“What I would say is, the fan base, which is important to all of us, seem to really respond well what Tom [Rothman] and his folks have done for our people, and they like it,” said Horn. “They like the MCU, Marvel Cinematic Universe and Kevin Feige were involved, and we heard feedback out there that joining forces once again was probably a good idea,” Horn Continued.

When asked if the deal will continue after the third film, Sony Chairman Tom Rothman said, “I hope so. I agree with [Horn] that this was a classic win, win, win. It was a win for Sony, a win for Disney, and I think it was a win for the fans.”

Overall, I would agree with Rothman that everyone won in the deal. Sony gets to keep its Spider-Man character in the box office gold MCU. Disney reportedly had its share of box office profits jump from 5% first-dollar gross to 25% overall. And there is no question that the fans win with the return of the web-slinger to the MCU.

A third Untitled Spider-Man is slated to be released by Disney and Sony on July 16th, 2021.

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