Los Angeles Times

Spider-Man appears to have taken his last swing through Walt Disney Co.’s Marvel Cinematic Universe. Kevin Feige, the president of Disney-owned Marvel Studios, will no longer produce the “Spider-Man” movies released by rival studio Sony Pictures after the two companies failed to come to a new agreement sharing the famed comic book character.

Disney, which had a major hand in producing megahits “Spider-Man: Homecoming” and its recent sequel “Far From Home,” wanted to take a 50% co-financing stake in future “Spider-Man” films, these people said. But Sony, which is riding high on the success of the Spider-Man movies, was unwilling to give up such a large portion of its most valuable franchise.

A person close to Sony said negotiations were “ongoing.”