(Photo Credit: Jay Maidment/Sony Pictures)
High stakes ride on ‘Spider-Man: Far From Home’
“Spider-Man: Far From Home” is doing spectacular in theaters since its release, grossing over $600 million worldwide. However, reports have come out saying that Marvel Studios may lose the rights to the superhero is the film fails to gross $400 million more.
According to an industry newsletter, The Ankler, entertainment journalist Richard Rushfield claims that the deal between Sony and Marvel in 2015 allows both studios to share the Spider-Man character, allowing him to appear in the Marvel Cinematic Universe.
However, “The original Sony/Marvel/Spidey deal to co-produce these movies stipulated that if this Spidey [Far from Home] cleared a billion, Marvel would get to oversee a third. If it hadn’t, full control would have reverted back to Sony,” Rushfield wrote.
It is speculated the such a deal was made in the event Tom Holland’s Spider-Man movies were poorly received, giving Marvel a quick out and the ability to clean itself of the property. A similar scenario involving the unfortunate “Fantastic Four” reboot or the Andrew Garfield version of the Spider-Man films occurred.
Luckily for fans and for Marvel, “Far from Home” is working its way to becoming a major financial triumph for the studio, already ranking as the sixth most successful movie of the year.
By: Maytinee Kramer
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