Film studio Sony says it is "disappointed" following a split with Disney over the Spider-Man franchise.
The entertainment giant owns the film rights for the superhero, and struck a deal with Disney to allow the character to appear in the Marvel Cinematic Universe.
But the company says they have failed to come to a "suitable financial agreement" for any future projects.
It relates to producer Kevin Feige's involvement in the franchise. Mr Feige has been the president of Marvel Studios since 2007.
In a statement, Sony says: "Much of today's news about Spider-Man has mischaracterised recent discussions about Kevin Feige's involvement in the franchise.
Actor Tom Holland poses in front of artwork for 'Spider-Man: Far from Home' | Image via @SpiderManMovie on Twitter"We are disappointed, but respect Disney's decision not to have him continue as a lead producer of our next live action Spider-Man film.
"We hope this might change in the future, but understand that the many new responsibilities that Disney has given him - including all their newly added Marvel properties - do not allow time for him to work on IP they do not own."
It adds: "Kevin is terrific and we are grateful for his help and guidance and appreciate the path he has helped put us on, which we will continue."
Much of today’s news about Spider-Man has mischaracterized recent discussions about Kevin Feige’s involvement in the franchise. We are disappointed, but respect Disney’s decision not to have him continue as a lead producer of our next live action Spider-Man film. (1/3)
— Sony Pictures (@SonyPictures) August 21, 2019
This follows news that the latest film, 'Spider-Man: Far from Home', has become Sony Pictures' highest-grossing release of all time.
Spider-Man first swung into Marvel with 2016's 'Captain America: Civil War'.
It also saw Marvel co-produce Spider-Man films with Sony.
Spider-Man is a Marvel comic book character, but film studio Sony Pictures owns the film rights for the superhero.
A Marvel/Sony split means Spider-Man is likely to disappear entirely from Marvel, just months after a major storyline involving the Marvel character 'Thanos'.
However, reports say two more films with Spider-Man actor Tom Holland and director John Watts are still planned.
Additional reporting: IRN
