Sony still wants a deal to keep Spider-Man in the Marvel Cinematic Universe, but Disney is reportedly finished negotiating

Is there still a chance that Spider-Man could swing back home into the Marvel Cinematic Universe? Potentially, although it's not looking good.

Reports emerged on Tuesday that Disney and Sony failed to reach an agreement that would allow them to continue sharing ownership of the Spider-Man character, with Marvel Studios President Kevin Feige no longer set to be involved in the upcoming sequels starring Tom Holland.

This would likely mean that Spider-Man would exit the Marvel Cinematic Universe completely, no longer being able to interact with any of the Avengers in future films. Considering Spider-Man was just recently set up as a crucial component to the rest of the Marvel franchise, and effectively the next Iron Man, this would be a radical shift.

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Sony in a statement now says that "we are disappointed but respect Disney's decision." The point of contention, according to Deadline's Tuesday report, was Disney wanting a 50-50 co-financing arrangement on future Spider-Man films. This was reportedly far too high for Sony, which made counteroffers that Disney turned down. The current deal sees Marvel get five percent of the first-dollar gross.

In its response, though, Sony suggests the issue is actually that Feige does not have "time" to work on a movie series not owned by Disney due to his "many new responsibilities," but Deadline writes that this "seems like spin."

Sony also says that "we hope this might change in the future," leaving the door open for a deal to still happen. Indeed, Variety cites a source as saying a deal remains possible, although talks are not currently ongoing. But The Wrap reports that Disney "considers the matter closed," even as Sony believes that "negotiations are ongoing."

If director James Gunn can be re-hired nearly eight months after his public firing, anything's possible when it comes to Marvel. But should nothing change, don't expect Spider-Man to do whatever an Avenger can.