Sony Stocks Drop After News of Disney-Sony Spider-Man Split. The drop was observable almost immediately after reports started rolling in about negotiations going south between Disney and Sony in regards to the fiscal earnings of the shared franchise.
Disney and Sony were in the midst of re-negotiating a contract regarding the usage of Spider-Man in the MCU (Marvel Cinematic Universe). The previous agreement allowed Disney full rights to merchandise, and profits from said products, as well as 5% of the profits made from ticket sales from the first night of the films theatrical release.
Disney was pushing for a 50/50 profits split of Spider-Man led films when Sony outright dismissed their proposal and offered to keep the current agreement, but would not budge or make a counter offer. The moment this exchange was reported the situation began to spiral for Sony.
After investors began to express concern over the decision and the pressure of the trending retaliation from fans online, Sony released a formal statement regarding the reported split. The statement reads:
“Much of today’s news about Spider-Man has mischaracterized recent discussions about Kevin Feige’s involvement in the franchise. We are disappointed, but respect Disney’s decision not to have him continue as a lead producer of our next live action Spider-Man film. We hope this might change in the future, but understand that the many new responsibilities that Disney has given him – including all their newly added Marvel properties – do not allow time for him to work on IP they do not own. Kevin is terrific and we are grateful for his help and guidance and appreciate the path he has helped put us on, which we will continue.”
Though Feige’s involvement in the franchise has seemingly ended, lead man Tom Holland and Director, Jon Watts, are reportedly still contracted for at least 2 more Spider-Man films with Sony. Producer Amy Pascal is said to take over Feige’s role in the Spider-Man films for Sony.
There are plenty of reports stating that Disney and Sony are still in negotiations and that Sony has been more willing to talk after stocks began to plummet and investors began to panic after the initial reports came out about the split. We remain hopeful that an agreement can be made between Disney and Sony and that Tom Holland’s Spider-Man can stay in the MCU. For now it appears that if Sony and Disney do decide to officially part ways, Sony will see retaliation from investors and shareholders if current trends are any indication.
What do you think of the Disney-Sony split? Do you think it’s the end-all-be-all, or do you think they will be able to find a solution that both parties will be happy with? Would you boycott Sony and Sony Pictures if they pull Spider-Man from the MCU? We would love to hear your thoughts in the comments.
Be sure to check back here at Chip and Company for all things Marvel!
Photo Credit: Apple Stocks/Marvel Studios/Sony Pictures
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