Spiderman leaves the MCU as deal between Sony and Disney studios fall apart

Riding high from the success of the Avengers Endgame movie and the Spiderman solo saga, it was expected that our favourite neighbourhood teen hero would continue to slay evil on the screen and keep winning our hearts. However it was not meant to be. Controversy has broken out after Disney released a statement that they would not be working with Sony pictures anymore. A lot of misleading information started to circulate online.
This prompted the Sony Pictures to make an official statement in response to the news that Marvel Studios will not co-produce any further Spider-Man films, blaming Disney and saying it is “disappointed” that Marvel president Kevin Feige will no longer act as lead producer on the film franchise. The spokesperson for Sony decided to clear the air.

“Much of today’s news about Spider-Man has mischaracterized recent discussions about Kevin Feige’s involvement in the franchise,” Sony said to THR. “We are disappointed, but respect Disney’s decision not to have him continue as a lead producer of our next live action Spider-Man film.”
“We hope this might change in the future, but understand that the many new responsibilities that Disney has given him – including all their newly added Marvel properties – do not allow time for him to work on IP they do not own,” says the statement. “Kevin is terrific and we are grateful for his help and guidance and appreciate the path he has helped put us on, which we will continue.” It also focused on the ever-increasing responsibilities of the producer since he had to deal with the newly acquired Fox’s projects as well.

Some reports suggested that “studio chiefs Tom Rothman at Sony and Alan Horn at Disney could not agree on a financial arrangement to continue to collaborate,” although the Sony statement does not mention that at all.