Spider-Man 3
Spider-Man 3

Spider-Man returns to the Marvel Cinematic Universe as Sony and Disney announce a third movie in the Spider-Man: Homecoming franchise produced by Marvel Studios head Kevin Feige.

Sony Pictures and Walt Disney Studios officially announced a third movie in the Spider-Man: Homecoming franchise will be co-produced by the two studios, with Marvel Studios head Kevin Feige on board the third installment alongside producer Amy Pascal. The studios set the film to hit theaters on July 16, 2021. As part of the deal, Spider-Man will also appear in another MCU movie, though specifically which one was not revealed. Feige said of the deal:

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. Spider-Man is a powerful icon and hero whose story crosses all ages and audiences around the globe. He also happens to be the only hero with the superpower to cross cinematic universes, so as Sony continues to develop their own Spidey-verse you never know what surprises the future might hold.

Spider-Man Sony
Spider-Man Sony

“This is terrific. Peter Parker’s story took a dramatic turn in Far From Home and I could not be happier we will all be working together as we see where his journey goes,” added Pascal, who co-produced the first two Homecoming films through Pascal Pictures. “This has been a winning partnership for the studios, the franchise and the fans and I’m overjoyed it will continue.”

Last month, Sony and Marvel reached a standoff over rights to the character. Reportedly, Disney asked for all future Spider-Man projects to be a 50/50 co-financing arrangement between Marvel and Sony but the latter declined. Instead, Sony proposed leaving the current deal untouched, meaning Marvel would continue to receive approximately 5% of first-dollar gross while maintaining merchandising rights, which Disney refused.

The as-yet-untitled third Spider-Man film starring Tom Holland releases on July 16, 2021.