Despite Tom Holland's version of Spider-Man being incredibly successful, it seems like he won't be putting the red and blue suit on in the near future.
Sources have told Deadline that bosses at Sony and Disney haven't been able to reach a deal on how to move forward.
It's reported that Disney was looking for 'a co-financing stake going forward' after it took over the Marvel franchise. The Mickey Mouse corporation wanted Sony to help fund the movie, an offer that Sony reportedly flat out turned down and refused to come back to the table if that was still a request.
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Because they've been at loggerheads over the past few weeks without a deal, Marvel boss Kevin Feige has simply walked away from Spidey.
This is an interesting turn of events considering Spider-Man: Far From Home was Sony's highest grossing film of all time, recently surpassing James Bond's Skyfall.
According to the Marvel Cinematic Universe schedule, there are supposed to be two more Spider-Man films with Tom Holland as the lead and Jon Watts as director.
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Deadline says 'unless something dramatic happens, Feige won't be the lead creative producer of those pictures', which is certainly not good news for Spidey fans.
However, as news of the announcement broke across the world, there have been a few updates.
io9 has reported: "A Sony rep told us it's their belief this dispute is simply over a producer credit and negotiations are ongoing. They further clarified Feige has contributed to other Spider-centric movies that he did not receive a producer credit on."
Featured Image Credit: SonyTopics: Entertainment, TV and Film