Sony blamed Disney for the 'Spider-Man' deal falling apart and said it hoped 'this might change in the future'

Sony released a statement late Tuesday saying it was Disney's decision not to have Kevin Feige, the Marvel Studios president, involved with future “Spider-Man” movies.

“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,” Sony said.

Sony, which owns the film rights to Spider-Man and 900 related characters, struck a deal with Marvel Studios in 2015 for the character to appear in the Marvel Cinematic Universe.

Visit Business Insider's homepage for more stories.

Spider-Man's time in the Marvel Cinematic Universe — at least as we know it — seems be over.

Sony Pictures released a statement late Tuesday blaming Disney for the two companies' inability to reach a deal over the superhero webslinger's movie appearances, saying it was Disney's decision not to have Kevin Feige, the Marvel Studios president, involved with future movies.

The full statement, provided to Business Insider, is below:

“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.”

Sony left open the possibility of a deal in the future but alluded to Disney's recent acquisition of Fox — and all its Marvel characters, including the X-Men — as a reason for the deal's implosion.

Disney did not immediately respond to a request for comment from Business Insider.

Deadline reported on Tuesday that Sony and Disney had failed to come to an agreement over Spider-Man's future in the MCU. Disney wanted an even 50/50 cofinancing stake in future “Spider-Man” movies, according to Deadline, while Sony wanted to keep the deal as is, where Marvel receives up to 5% of first-dollar gross and any merchandising revenue.

Sony hopes that the “Spider-Man” star Tom Holland and the director Jon Watts will return for two more movies, according to Deadline. Marvel Studios and Feige would not be involved unless something changes between now and then, meaning those movies would not include appearances from other MCU characters.

Sony has owned the film rights to Spider-Man and 900 related characters since 1998 and can keep them as long as it releases a “Spider-Man” movie every five years. It struck a deal with Marvel Studios in 2015 where Spider-Man would appear in the MCU but Sony would retain distribution rights.