Bob Iger Stepping Down as Disney CEO

CNBC is reporting that Bob Iger is stepping down as #Disney CEO effective immediately. The man responsible for purchasing #StarWars and #LucasFilm from George Lucas in 2012, Iger will become executive chairman. Bob Chapek, who most recently served as chairman of Disney parks, experiences and products, will assume the role of CEO.

Bob Iger

Bob Iger

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Spider-Man to Stay in MCU: Fox & Sony Reach an Agreement

After a brief break up, #SonyPictures and #Marvel have found a way to get back in the #SpiderMan business together and keep him in the #MCU. On Friday, the two companies jointly announced that #MarvelStudios and its president, Kevin Feige, will produce the 3rd film in the “Spider-Man: #Homecoming” series and that it will once again feature Tom Holland reprising his role as the titular hero.

The rumor mill had roared back to life this week with hints that the two companies were close to brokering a new agreement, which was signed late on Thursday night.

The negotiations included top players from both studios, including Sony Pictures chief Tom Rothman, Feige and #WaltDisneyStudios co-chairs Alan Horn and Alan Bergman. In exchange for lending Feige’s producing prowess, Marvel and #Disney will receive roughly 25% of the profits, according to insiders. Disney will retain its merchandising rights and will put up roughly a quarter of the financing. As part of the arrangement, Spider-Man will also appear in one future Marvel Studios film.

The next MCU Spider-Man film is slated to be released on July 16, 2021.

In a statement, Feige said,

“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.”

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MCU to Lose Spider-Man over Sony/Disney Profit Sharing Kerfuffle, Ending 2015 Partnership

A 2015 agreement between #Sony Pictures Entertainment and #MarvelComics (under the ownership of Disney) has permitted Marvel to be able to have the character #SpiderMan appear in multiple MCU movies to joy of many fans. That agreement now appears to be in jeopardy after Sony walked away from talks with Disney after Disney wanted to change the profit-sharing split to a 50/50 split on future film profits, as well as continued access to Kevin Feige, who has produced some of the MCU’s most profitable films.

According to Deadline’s Mike Fleming, Jr.:

Marvel Studios president Kevin Feige won’t produce any further Spider-Man films because of an inability by Disney and Sony Pictures to reach new terms that would have given the former a co-financing stake going forward. Disney asked that future Spider-Man films be a 50/50 co-financing arrangement between the studios, and there were discussions that this might extend to other films in the Spider-Man universe. Sony turned that offer down flat, and I don’t believe they even came back to the table to figure out a compromise.

With Sony walking away, they’re taking the rights to use Spider-Man with them. This now means that future MCU movies probably won’t have the web-slinger again, even though he appeared in several very profitable MCU films:

The agreement also allowed Kevin Feige’s involvement in the two most recent standalone Spider-Man films, which also performed very well at the box office:

  • “Spider-Man: Homecoming”, which earned $880,166,924 worldwide
  • “Spider-Man: Far from Home”, which earned $1,110,682,751 worldwide making it Sony’s highest grossing film ever.

Together, these 5 films earned have earned $7,988,469,578 worldwide, which is $4-billion more than the worldwide combined earnings for the 5 Sony-only Spider-Man films that preceded them: $3,963,259,504 (“Spider-Man”, “Spider-Man 2”, “Spider-Man 3”, “The Amazing Spider-Man” & “The Amazing Spider-Man 2”).

Naturally, fans aren’t happy about the loss of Spider-Man in the MCU, but the only players who can do anything about it are Sony and Disney. Actor Tom Holland is also apparently not happy about the split.

Robert Downy, Jr. & Tom Holland

Robert Downy, Jr. & Tom Holland in “Spider-Man: Homecoming”

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