It appears Spider-Man is out of the MCU after negotiations between Sony and Disney have gone south due to the two companies not being able to reach a financing agreement. Sony will also be without producer Kevin Feige who has produced every Marvel blockbuster in the past 10 years. 

According to Deadline, Disney asked that future Spider-Man films be a 50/50 co-financing arrangement with Sony and they turned that offer down flat. Sony just doesn't want to share their biggest franchise and it sounds like they are confident enough to continue with it on their own. They did do a great job with Spider-Man: Into The Spider-Verse after all. 

Twitter Reactions:

Sony Pictures and Disney negotiating a MCU Spider-Man deal:pic.twitter.com/vtd9oz9kbX

— Joel Rivera Schoenbach (@Joelenbach) August 20, 2019

Marvel to their Fans After Sony took Tom Holland/ Peter Parker away from the MCU: pic.twitter.com/WBciHoxZAh

— JamyNFL (@JamyNfl) August 20, 2019

if tom holland quits over this mess then I will riot, he’s the best spider-man we’ve ever had and we about to lose him because sony’s bitchass is being difficult

pic.twitter.com/nBInrQ3TCl

— jen‍?? (@stallionjjk) August 20, 2019

Andrew Garfield & Tobey Maguire @ Tom Holland pic.twitter.com/0JACQ8TS4L

— Dan (@DanSoIo) August 20, 2019

stan lee said tom holland was the perfect spider-man and it’s been tom’s dream ever since he was little to play spider-man and now it’s all going awaypic.twitter.com/eJdYI0pZf5

— kara (@tomhstyles) August 20, 2019

Tom Holland is the best spiderman Stan Lee said it
Tom Holland is the best spiderman Stan Lee said it
Tom Holland is the best spiderman Stan Lee said it
Tom Holland is the best spiderman Stan Lee said it
Tom Holland is the best spiderman Stan Lee said it

— Venus loves Loki (@hiddlesgold) August 20, 2019

tom holland's peter parker is linked to so many events in the mcu timeline and sony is just gonna take him away and pretend all of it never happened?? pic.twitter.com/Uh5iokjctZ

— erin | #WhatAmI (@mxndesbesson) August 20, 2019

Uncle Ben preparing to die once again in the #SpiderMan  reboot. pic.twitter.com/UoilFSP9Im

— Shannon (@NerdyGirlShay) August 20, 2019

Fans trying                           Sony after
to explain why                   deciding to #spiderman                    ruin the
should stay in              franchise once
the mcu                              again pic.twitter.com/WKbV3DUG2f

— One more light (@Veronicaplt) August 20, 2019

peter parker watching sony and marvel fight and mentally preparing himself to lose uncle ben a 4th time pic.twitter.com/3YoGHYgGvJ

— jay (@monsterkinks) August 20, 2019

WHY DID SONY JUST CANCEL PETER PARKER LIKE THAT AFTER A BIG ASS CLIFFHANGER FROM FAR FROM HOME  pic.twitter.com/pax7zAqNZE

— n (@pewpue) August 20, 2019

So if Spider-man is leaving the MCU and Sony does another reboot can it be a Miles Morales one, I don't think I could go through it all again with another Peter Parker it's getting boring pic.twitter.com/cHzO0HHVus

— Callum West (@westy9124) August 20, 2019

Memes: