Sony Pictures has made 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.

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As reported by THR, Sony Pictures claims that much of today's Spider-Man news has "mischaracterized recent discussions" and that Disney made the decision to part ways with Sony “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.”Sony then further explained that Feige may have had too much on his plate to focus on "IP they do not own," especially with the recent addition of Marvel characters from Disney's acquisition of 21st Century Fox. “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.”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.For more on this potential Spider-Man news, take a look at what MCU plot threads Sony's Spider-Man may have to abandon, dig into the details of the previous Sony Spider-Man MCU deal, and find out how many Spider-Man movies Tom Holland has left on his contract after the potential Sony-Marvel fallout.

Have a tip for us? Want to discuss a possible story? Please send an email to newstips@ign.com Adam Bankhurst is a news writer for IGN who hopes this gets resolved and Tom Holland and Spider-Man can stay in the MCU. You can follow him on Twitter @AdamBankhurst.