Sony will produce future Spider-Man movies without input from Marvel Studios or its President Kevin Feige, according to Deadline.
The Hollywood trade reports that Disney (Marvel Studios' parent company) and Sony, who control the Spider-Man film rights, could not come to terms on how to share profits for future Spider-Man movies. The last two films, Spider-Man: Homecoming and Spider-Man: Far From Home, were co-productions of Marvel Studios and Sony Pictures Entertainment, and were created under Feige's guidance.
Feige has been listed as a producer on every Spider-Man film, dating back to 2002's Spider-Man. Spider-Man: Far From Home is Sony's highest grossing film of all time with a current global box office total of $1.11 billion.
Tom Holland and director Jon Watts are reportedly still scheduled to create two more films in the same continuity - though its unclear how or if Holland's Peter Parker could continue to appear in the Marvel Cinematic Universe following the reported split, or if subsequent films will still be anchored in the MCU.
Marvel Studios reportedly requested a 50/50 split of profits of future Spider-Man films, which Sony refused, offering a 5% share of first-dollar gross - a continuation of the two studios' previous terms.