July 18, 2019

'Spiderman: Far From Home' Better Make a Billion Dollars...or Else

New revelations about the Sony/Marvel deal.

By now, you’ve probably seen the latest MCU movie starring Tom Holland’s version of Spiderman. As of this writing, the film had grossed nearly $859M worldwide and it’s only been out for 2 weeks.

With all the money that the MCU movies make, you’d probably expect this one to break a billion dollars at the box office, easy. Good news: Marvel (owned by Disney) expects the same thing, and they’ve written into their deal with Sony.

A new report from Richard Rushfield, journalist and writer of The Ankler newsletter, has revealed some key information about the Sony/Marvel deal that may surprise you.

According to Rushfield’s reporting, if Spiderman: Far From Home doesn’t make a billion dollars or more at the global box office, all rights to the Spiderman franchise would revert back to Sony.

What does this mean for your friendly neighborhood corporate mega-media-conglomerate? Let’s find out.

Spider Cents

So how did we get to the point where Sony has to partner with Marvel in order to hit a box office slam dunk like Spiderman: Far From Home? Let’s take a web-sling down memory lane.

Before Marvel Studios became a thing, it was just Marvel. The company would license their superhero properties to whichever studio was willing to pay for them, and most of the license deals said that as long as the studios kept cranking out those movies, they could keep the rights to the characters.

That changed when Marvel formed Marvel Studios and announced itself to the world with 2005’s Iron Man. But Sony still had control of the Spiderman franchise after acquiring the rights in 1999, and the studio had been working hard to keep it that way. Spidey gotta Spidey, so we were blessed with Andrew Garfield as Peter Parker. Twice.

The Garfield-Parker movies were colossally expensive and underperformed compared to their budgets. Then-head of Sony, Amy Pascal, knew it was time for a change. She decided to reboot Spiderman again, but this time, why not ask the experts for help? She struck a deal with Kevin Feige, head of Marvel Studios, to share Spiderman.

Here’s how the deal worked: Sony would pay for, distribute, and market the movie. Marvel Studios would do most of the creative stuff. In exchange, Marvel Studios got to throw Tom Holland’s character into the MCU mix. Everybody wins.

With Great Franchise...

Why would Marvel Studios agree to a deal like this? A few reasons. First, being able to incorporate Spiderman into the MCU means that people who see Sony’s movie will want to see him in his other Marvel movie appearances. This turns Spiderman: Far From Home into a two-hour trailer for the rest of the MCU.

Second, Marvel still owns all the merchandising rights. The more people love Spiderman movies, the more they’ll want to buy Spiderman silly string, back scratchers, and underwear. It’s in Marvel’s best interest for Sony’s Spiderman to succeed.

...Comes Even Greater Franchise?

But the biggest reason to ensure Spiderman’s success as a franchise may not become apparent for years. Disney has been on a buying spree lately, acquiring Marvel, Lucasfilm, and most recently Fox. The Mouse House has shown no reservations about shelling out cash for a rival studio, and there have been persistent rumors over the past decade that Sony was considering selling off its film studio after a string of high-profile flops.

It’s just a guess, but I’d say that Disney has held discussions about buying Sony at some point in the future. (Of course, Disney isn’t the only one sniffing around Sony.) Getting the rights to Spiderman, as well as his rogue’s gallery of villains, could really spice up the MCU.

Wrapping Up

Have you seen Spiderman: Far From Home? Are you excited about Spidey one day permanently joining the MCU? Do you wear Spiderman underwear? Let us know in the comments below!     

Your Comment

15 Comments

So its budget was 160M. Assume the same amount or even 200M was put into marketing. That puts them at approximately 490M profit already. Assume that is split between studios and points people. Probably 200M profit per studio. Even if it was done at the box office, why wouldn’t they just invest 150M of that money into its gross so that they could retain the rights? It’s clear he is pivotal to their future.

July 18, 2019 at 4:04PM

0
Reply
Ryan
6

they don't get more than about half of every ticket sold (more in the US, less in some other countries). 60% of the box office, tops.

July 19, 2019 at 10:54AM

2
Reply

Iron Man was 2008 if I'm not mistaken, not 2005

July 18, 2019 at 5:34PM

0
Reply
Rick P
21

Corrections:

Iron Man was released in 2008.

July 18, 2019 at 5:44PM

1
Reply
avatar
Daniel Custard
Editor>Director>Writer
188

Great catch -- I screwed that up

July 21, 2019 at 1:02PM

0
Reply
avatar
Evan Littman
Film Acquisition Executive

Don’t know why it’s killing me, but it is:
Spider-Man*

July 18, 2019 at 11:18PM

4
Reply

It's a valid complaint in my eyes.

July 19, 2019 at 1:06PM

0
Reply
Alex Everingham
Video Editor
706

I'll try to fix

July 21, 2019 at 1:02PM

0
Reply
avatar
Evan Littman
Film Acquisition Executive

It was an amazing movie specially mestyrio roll unique and new black stealth suit for the spiderman a lot of websites written a review about this movie

July 19, 2019 at 1:58AM

0
Reply

I'm curious as to how common this opinion is going to be as I've heard it from a few coworkers. Personally, I thought it was a weak one.

July 21, 2019 at 11:42PM

0
Reply
avatar
Christian Flapton
screenwriter
142

Inorder to support the sections in the custom thesis well,the student should only choose recent sources.The sources used should not be more than ten years old as they might be invalid.We have the best custom thesis writers available 24/7 who have the experience in custom thesis writing.

July 19, 2019 at 8:06AM

0
Reply

yes

July 20, 2019 at 6:07AM

0
Reply

Well done Christian
You are right ... it was an awful movie. The story was poor and extremely cliched. Whereas previous Spiderman was interesting and enjoyable to both adult and youngsters alike, this was literally aimed at the kids market.
The previous one was an interesting take on the fact a young spiderman would struggle with his powers, dealing with home life and being mentored by Stark.
In this one, some of the actors were awful (teachers etc) and not up to Marvel standard and the dialogue was cringy to say the least.
I am absolutely gobsmacked it has taken so much already but ... in London at a cinema major theatre ... there were droves of people leaving after an hour.
Well done Christian ... it should be judged against Thor, Avengers etc and it just is "poor" on all aspects.
it genuinely looks like Disney have already set down the style for Spiderman to Sony ahead of a sale. It was so Disney it completely lacked the edge all the other Marvels have.

July 25, 2019 at 2:25PM

1
Reply

Okay... So Disney buying... Sony Pictures... I really hope that never happens.

July 25, 2019 at 2:42PM

0
Reply
Kyle Dockum
Videographer and Editor
1096

The sole justification for this article to exist is to use the phrase "Spidey Cents."

And you blew it with "Spider Cents."

Still, I'm okay with it.

July 25, 2019 at 6:52PM

2
Reply