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Spider-Man will stay in the Marvel Cinematic Universe after Sony and Disney agreed a deal over the next batch of films.
Sony and Disney have jointly announced an agreement to produce a third film together starring Tom Holland's web-slinger. The deal also means that Spider-Man will appear in another future Marvel Studios film.
They've even announced a release date - 16 July 2021. Not too long to wait until we learn what happens after that Far From Home post-credits cliffhanger then.
Kevin Feige told Variety: "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."
Amy Pascal, who produced the first two Tom Holland solo Spider-Man films and will also produce the third, said: "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."
There had been fears that Spider-Man - played by Tom Holland - would have to leave the MCU because of a contract wrangle between Sony - who owns the licence to the films - and Disney, which recently bought Marvel and had a deal in place for the hero to appear in Avengers movies and solo outings in the MCU.
The key issue in the legal wrangle had been Feige's involvement in the franchise.
Feige was charged with overseeing all the Marvel projects for Disney, prompting Sony to claim that it did 'not allow time for him to work on IP they do not own.'
Spider-Man: Far From Home, recently became Sony's highest grossing film of all time and Tom Holland's incarnation - and his appearance in the Avengers films - had been widely credited with saving the character and the franchise after several disappointing outings with Sony at the helm.
Sony Chairman and Chief Executive Officer Tony Vinciquerra previously said that 'the door is closed' on future Spider-Man collaborations with Marvel Studios. Thank goodness Sony changed its mind.
Featured Image Credit: Marvel/Sony