The new deal was signed late on Thursday night. Negotiations involved top players from both studios, including Sony Pictures chief Tom Rothman, Feige and Walt Disney Studios 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 film is scheduled for release on July 16, 2021. Amy Pascal will also produce through Pascal Pictures, as she has on the first two Holland-led films.