After finally getting on the same page and agreeing on working together. Sony and Disney/Marvel having agreed to co-financing terms on the third Spider-Man Homecoming movie Friday.
Jon Watts is in talks to return to the $2 billion-grossing franchise he directed. This is great news for fans of the series as it means continuity.
Sony and Disney/Marvel sought to hammer out their co-financing agreement on the third Spider-man movie first, before turning their attention to rehiring Watts.
Jon Watts was not under marvel contract after the on and off deal, his agreement remains hanging mid way, so after finally getting back together they are in final stages to lock Jon Watts.
Jon Watts was chosen off his 2015 Kevin Bacon movie Cop Car which made its world premiere at the Sundance Film Festival. He delivered a fun, boyish spirit to the third reiteration of Spider-Man, which the previous reboot by Sony lacked in its gloomy tone.
Amy Pascal will also produce Homecoming 3 through Pascal Pictures. And after months of negotiations, Disney will fund 25% of the third Spider-Man: Homecoming for a 25% equity stake, while Sony continues to get a distribution fee. The Tom Holland Spider-Man character will then be seen in another Disney/Marvel movie.