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'Spider-Man' returns to Marvel Cinematic Universe

After briefly breaking up, Sony Pictures Entertainment Inc. and The Walt Disney Co. reached an agreement to produce a third Spider-Man movie starring Tom Holland., Variety reported Sept. 27, citing a statement from the companies.

Marvel Studios LLC and its president, Kevin Feige, will produce the third film in the "Spider-Man: Homecoming" series. The news comes about a month after Sony Pictures and Marvel Studios appeared to part ways amid a dispute over revenue sharing between Disney and Sony Corp.

Spider-Man will also appear in a future Marvel Studios film.

Feige expressed his excitement over the deal, saying that everyone at Marvel Studios is very excited to get the change to continue working on this project. "Spider-Man is a powerful icon and hero whose story crosses all ages and audiences around the globe," he added.

The movie is scheduled for release on July 16, 2021.