Disney, in turn, pulled the plug on the character and also withdrew Marvel chief Kevin Feige as the producer of future Spider-Man films. According to Deadline, Sony and Disney have been unable to come to an agreement over money, meaning Spidey is ducking out of the MCU for now. "Much of today's news about Spider-Man has mischaracterized recent discussions about Kevin Feige's involvement in the franchise".
Alright, so Spider-Man leaving the MCU ranks lower on the loss scale, but like the rest of us, Jeremy Renner is clearly not happy that Sony is yanking ol' Web-Head out of this continually-expanding shared universe. In 2015, Sony and Marvel made a deal to work together on several Spider-Man films, and it seems to have been a wall-crawling success. Check out the trailer below.
Sony didn't just make Venom a hit on their own. I can believe that it's no longer feasible for Feige to commit time and resources to what's essentially a Sony product, but I also have a hunch that percentage negotiations were a deciding factor too, as well as studio politics. This obviously wasn't an easy feat, since Spider-Man: Homecoming marked the character's third cinematic iteration in 15 years. Needless to say, Sony became hesitant about handing over the 50% share of their most popular franchise (including future movies starring Holland) to another studio.
Many other fans, like Twitter user @BOSSKyJo, opted for all-caps tweets to capture their outrage over the situation: "TONY STARK DIDNT DIE TO SAVE PETER PARKER FOR SONY TO TAKE HIM OUT OF THE MCU!"
Deadline said Sony's decision to cut Marvel is, "like saying, thank you, but we think can win the championship without Michael Jordan". Hopefully Holland will still be involved, after all - he's served us some unbelievable Spider-Man portrayals so far. This deal gave Marvel Studios the access to feature Spider-Man in different MCU movies, including Captain America: Civil War, Avengers: Infinity War and more recently, Avengers: Endgame.
You can understand why when Disney helped Sony get their highest-grossing movie of all time in Spider-Man Far From Home this summer.