Marvel Studios could lose rights to Spider-Man if sequel doesn’t hit $1 billion

Spider-Man: Far From Home has been swinging from box office success to box office success since its release in theatres across the world earlier this month. But according to recent reports, if this level of success doesn’t continue, Marvel Studios could risk losing its MCU rights to this friendly neighborhood hero.

According to entertainment industry newsletter The Ankler, the Spider-Man sequel starring Tom Holland, Jake Gyllenhaal, Zendaya and Samuel L Jackson must earn a billion dollars at the global box office for Marvel to oversee the third installment. If Far From Home doesn’t reach that figure, full control of the web-slinger will revert back to Sony.

But don’t sweat, Spidey fans. The film has only just been released in global theatres and has already swung past the $600 million dollars worldwide mark – so things are looking good.

In Spider-Man: Far From Home, Peter Parker decides to join his best friends Ned, MJ, and the rest of the gang on a European vacation. However, Peter’s plan to leave super heroics behind for a few weeks are quickly scrapped when he begrudgingly agrees to help Nick Fury uncover the mystery (SO much emphasis on that word) of several elemental creature attacks, creating havoc across the continent!

In 2015, Marvel and Sony agreed to both share the film rights to Spider-Man, leading to the introduction of Tom Holland’s reincarnation in Captain America: Civil War, which brought the young superhero into the forefront of the MCU.

Source: insidethemagic.net