Sony Pictures has allegedly pulled off Spider-Man from the MCU (Marvel Cinematic Universe). According to Deadline Sony pictures kill the deal between Marvel Studios 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”. In addition, Sony as allegedly “essentially nixed” Marvel Studios President Kevin Feige from future Projects involving the Spider-Man.
Disney and Feige reportedly asked that Sony share a 50/50 co-financing arrangement for future Spider-Man and Spiderverse film. However, Sony wanted to keep the original 5% agreement. Director Jon Watts and Tom Holland part of Spider-Man future films.