Marvel Studios president Kevin Feige won’t produce any further Spider-Man films because of a failed agreement by Disney and Sony Pictures to share the profits from the character, essentially removing Tom Holland’s version of the superhero from the Marvel Cinematic Universe.

Axar.az reports citing foreign media that The news comes after four years of an unprecedented sharing of the character. Sony Pictures has owned the movie rights to Spider-Man for decades, and found great success with the character with director Sam Raimi and actor Tobey Maguire's take on the web-slinger in the 2000s — their three films grossed nearly $2.5 billion worldwide. But then Sony's reboot of the franchise with director Marc Webb and actor Andrew Garfield, released in 2012 and 2014, was seen as a critical and commercial disappointment, leaving the studio with the unprecedented agreement with the Disney-owned Marvel Studios to share the Spider-Man character.