A profit-sharing dispute between Walt Disney and Sony Pictures has threatened Spider-Man's part in the Marvel Cinematic Universe.
In a statement released on Tuesday, Sony expressed disappointment by Disney’s demand for a greater stake in the Spider-Man films.
It also highlighted Disney’s refusal to allow Marvel President Kevin Feige to continue as a producer on the projects.
"Much of today’s news about Spider-Man has mischaracterised recent discussions about Kevin Feige’s involvement in the franchise," the statement read. "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."
Sony, however, expressed hope that things "might change in future".
Since 1985 Sony has held the rights to the Marvel character, but in 2015, a partnership with Disney and Marvel allowed Spider-Man to be in MCU films.

'Wicked' star Jonathan Bailey named 'sexiest man alive' by People magazine
Filipino pop star Rob Deniel to perform at Global Village this November
Charles Leclerc ties knot with long-time partner
Sheikh Zayed Festival opens to large crowds
Duffer brothers tease big and emotional 'Stranger Things' final season
