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Sony and Marvel to partner on Spider-Man movie

Reuters
Members of the Macy's Thanksgiving Day Parade balloon inflation team work in Spiderman during preparations for the 88th annual Macy's Thanksgiving Day Parade in New York, November 26, 2014. REUTERS/Eduardo Munoz/Files (Reuters)

LOS ANGELES (Reuters) - Sony Pictures and Marvel Studies have reached a deal to partner on the next installment of the $4 billion Spider-Man franchise, uniting the web-slinging superhero with Marvel's comic book universe. Kevin Feige, president of Walt Disney Co's Marvel Studios, will co-produce the next film set for July 2017 release with Sony's Amy Pascal, according to a statement from the firms. Under the agreement, the Spider-Man will also appear in an upcoming Marvel film, and Marvel characters, which include Iron Man, Thor and Captain America, could appear in later Spider-Man films, the statement said. Sony Pictures Entertainment, a division of Sony Corp, will continue to own the cinematic rights to Spider-Man, a Marvel superhero, the statement said. "Spider-Man has more than 50 years of history in Marvel's world, and with this deal, fans will be able to experience Spider-Man taking his rightful place among other Super Heroes," the statement said. (Reporting by Piya Sinha-Roy in Los Angeles; Writing by Curtis Skinner; editing by David Clarke)