Hallelujah.

Sony Pictures and Marvel Studios have agreed to a deal that will keep Tom Holland’s Spider-Man in the Marvel Cinematic Universe (MCU).

Since the announcement Aug.20 that Spider-Man would be leaving the MCU and would be taken over by Sony, fans have been in a frenzy over the future of the character. It seems as though fans can rest easy now as the two companies have agreed to a new deal for the web head.

Spider-Man fans rejoice today as Peter Parker will continue his stay in the MCU at least two movies longer. After the announcement of his MCU exit just over a month ago, there has been endless speculation on whether or not a new deal would be reached between the two companies. Rumors completely contradicted one another each day and then all hope seemed lost when Sony Pictures President Tony Viciquerra publicly stated that “the door is closed” on Spider-Man returning to join the MCU. All that changed today as a joint statement from the two companies came out today saying that Kevin Feige(President of Marvel Studios) will produce the third installment in the Spider-Man trilogy and it will be set in the MCU. 

The statement also says that Tom Holland’s Spider-Man will appear in another MCU film as well. The film is not yet known but some have speculated that it could be Doctor Strange: In the Multiverse of Madness (2021) or a possible hint at another Avengers-like team up movie that has yet to be announced.

Kevin Feige also had this to say about Spider-Man: “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 has led to speculation that Tom Holland will appear in both the MCU and the SUMC (Sony Universe of Marvel Characters) at the same time. This would support the theory of him appearing in Doctor Strange, as it could try to explain how Peter can be in both universes.

What a win. Now both Marvel Studios and Sony have agreed to use Spider-Man in their own universes. This is a win for both fans and the studios as people will want to watch as Spider-Man continues his MCU story and they will also want to see how Sony tries to incorporate the character into their “universe”, which right now only consists of 2018’s Venom. The new deal gives Disney(which owns Marvel Studios) 25 percent of the box office earnings for the third solo film, which is apparently what they asked for from the beginning.

Disney and Sony also agreed on multi-year distribution deal for many project beyond just movies, which is good news on if Spider-Man stays in the MCU following the conclusion of the new deal.