After negotiations between Disney and Sony over the future of Spider-Man movies stalled, it was believed that Spider-Man would leave the MCU and the two companies head their separate ways. However, a new deal announced on September 27 confirmed that Marvel will produce a third Spider-Man film for Sony, with Spider-Man appearing in one Marvel movie (or more). Now, more details about the deal have emerged.
According to The Hollywood Reporter, Disney will get 25 percent of the box office net gross for the third Spider-Man film starring Tom Holland, which comes to theatres in July 2021. The terms of the deal also reportedly specify that Disney will pay 25 percent of the movie’s budget.
According to sources, Disney originally wanted even more favorable terms. The House of Mouse reportedly asked for a 50-50 co-financing deal before the two sides agreed to 25-25.
The report states that Disney originally made the 50-50 offer in January, and Sony didn’t come back with a counter-offer for nearly six months. In June, Disney’s top movie boss, Alan Horn, “abruptly broke off negotiations” just before the release of Spider-Man: Far From Home, according to the report.
So what helped the two sides finally come to terms? The report states that Spider-Man actor Tom Holland himself–who is only 23 years old–contacted Disney CEO Bob Iger and Sony film boss Tom Rothman multiple times to help encourage them to make a deal.
According to the report, Holland held some additional sway because he is attached to star in another major upcoming Sony movie, Uncharted. A potential partnership between Disney and Sony for a third Spider-Man movie was “100 percent dead” before Holland stepped in, according to the report.
The Hollywood Reporter’s sources said Disney earned a “nominal” producing fee of less than five percent of the box office grosses for the previous two movies, Spider-Man: Homecoming and Spider-Man: Far From Home. With the new terms giving Disney 25 percent of net grosses, the company is earning 400 percent more money in the new deal. Adding to this, Disney already owns the lucrative merchandising rights to Spider-Man.
Far From Home, which made more than $1 billion at the box office, ended on a massive cliffhanger. For more, check out GameSpot’s spoiler-filled video in the embed above.
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