For weeks, ever since we first got wind that Spider-Man could be on his way out of the Marvel Cinematic Universe, we’ve been hopeful that Sony and Disney would be able to come to some sort of agreement that would allow Spidey to stick around for the upcoming ambitious phases — especially given how things ended in Spider-Man: Far From Home.

To some people, this looked like just a couple of studios doing negotiations in the press, essentially trying to make the other look bad in public so they can get a sweeter deal, and if that is the case, it looks like it’s failed miserably. At Variety’s Entertainment & Technology summit, Sony Pictures Chairman and CEO Tony Vinciquerra pretty much confirmed the demise of their deal, saying that “for the moment the door is closed.”

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However, he insisted that there was no ill will between the two studios, and pointed again to the idea of that Marvel Studios president Kevin Feige was been “stretched incredibly thin,” and is one of the reasons talks fell through (though that’s an excuse I don’t buy, personally).

“We had a great run with (Feige) on Spider-Man movies,” Vinciquerra said. “We tried to see if there’s a way to work it out….the Marvel people are terrific people, we have great respect for them, but on the other hand we have some pretty terrific people of our own. Kevin didn’t do all the work.”

“Spider-Man was fine before the event movies, did better with the event movies, and now that we have our own universe, he will play off the other characters as well,” Vinciquerra added. “I think we’re pretty capable of doing what we have to do here.”

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SOURCE: Variety