Disney and Sony renegotiated the terms of ownership of the Spider-Man franchise, but unfortunately couldn't come to an agreement. So for now, Tom Holland's iteration of the character could be out of the MCU.
The beloved actor has been one of the best movie versions of the superhero, and news of his removal has fans heartbroken.
Deadline first reported the story that essentially it all comes down to money. For the first two well-received films, Sony received 95 percent of the profit because they own the character. In the negotiation room, Disney asked for a 50/50 split, which Sony refused.
A final decision hasn't been made yet, but for now it seems like the next two Spider-Man movies on Marvel's docket will have to be altered.