Sony and Disney have announced they will team up for a third film in the Spider-Man Homecoming series.

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The New Spider-Man Deal

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Marvel Studios and President Kevin Feige will produce the film starring Tom Holland, which has a release date of July 16, 2021. Spider-Man will also appear in a future MCU film , as arranged with the partnership. Amy Pascal – producer on the previous two Spider-Man films in the series – will be producing the third one as well through Pascal Pictures."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," Feige said in a statement. "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.""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," Pascal said. "This has been a winning partnership for the studios, the franchise and the fans and I’m overjoyed it will continue."More details have been released on the terms of the deal from Variety , stating the agreement was signed on Thursday night, and involved Sony Pictures' chief Tom Rothman, Marvel's Feige and head of Disney, Alan Horn.Marvel and Disney will reportedly receive about 25% of the profits, according to Variety, with Disney still retaining its merchandising rights and putting up approximately a quarter of the financing. Previously, Disney had wanted the deal to be split 50/50, according to reports We talked about what the Sony/Disney split would mean for future Spider-Man games in the video below: Reports released last month stating that Spider-Man was out of the MCU due to Sony and Disney not being able to reach a new deal following a proposal by Marvel Studios. Some said negotiations were ongoing, while others said it was a definitive decision that did not have any room for further discussion. while Sony released a statement on the matter , putting it in Disney's hands, saying, "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."In our explainer of the Sony Spider-Man MCU deal , IGN's Jim Vejvoda said, "But it was never Marvel's place to announce the next Spider-Man film. Sony holds the screen rights to Spider-Man and is the distributor of all the solo Spidey films , going back to the first Sam Raimi one."During Disney's D23 Expo, which followed the news of the Sony/Disney Spider-Man split – Holland's Spider-Man still appeared in promotional art at the convention, including in MCU posters. Jon Favreau, who has held the roles of both director and producer in several Disney and Marvel projects , weighed in on the issue at D23 Expo, saying, "It's still early days. As a fan, [I'm] cautiously hopeful that something will come together, because I think all the fans wanna see those characters together. I don't mean Happy and May, I mean Spidey with the MCU."We spoke with Feige at San Deigo Comic Con about future Avengers plans for Phase 4 – find out what he shared in the video, below!Others also spoke out on the issue, including Holland himself at D23 saying a simple , "It’s been a crazy week but I want you to know that I’m grateful from the bottom of my heart and I love you 3000."Director of numerous titles in the MCU, including Avengers: Endgame and Avengers: Infinity War, Joe Russo , vocalized his thoughts saying Sony was making a "tragic mistake," and talked about the challenges to get Spider-Man in Captain America: Civil War to begin with."I will say, stepping back and trying to be objective as possible, that I think it’s a tragic mistake on Sony’s part to think that they can replicate Kevin’s penchant for telling incredible stories and the amazing success he has had over the years," said Joe Russo. "I think it’s a big mistake."Upon the announcement going public, Holland shared his response to the news that Spider-Man will remain in the MCU , in a video clip of Leonardo DiCaprio in The Wolf of Wallstreet firstly calming saying, then screaming, "I'm not leaving. I'm not F****** leaving!"The news also comes a few days before the Blu-ray and 4K release of Spider-Man: Far From Home, which in our review , we gave the movie high praise and said, "Thanks to its sweet humor, clever commentary, and deft action set-pieces, Far From Home continues the journey of Peter Parker from kid hero to Tony Stark’s successor ."Stay tuned to IGN for all things Spider-Man, including our ranking of every Spider-Man movie in history.

Jessie Wade is Homepage Editor and a News Girl at IGN. Chat with her on Twitter @jessieannwade about this amazing news!