After word spread that Sony and Disney parted ways as co-producers of the Spider-Man franchise, it seems as if the superhero will indeed stay in the ever-expanding Marvel Cinematic Universe.

On Friday (September 27), the two companies announced that Marvel Studios and its president, Kevin Feige, will indeed produce the third installment in the Spider-Man: Homecoming series, with Tom Holland reprising his role as the superhero. The follow-up film will hit theaters on July 16, 2021, with the possibility of more collaborations to follow in the future. Variety reported that a new deal was signed on late Thursday night, which firms the financial disagreement that the companies were negotiating. “In exchange for lending Feige’s producing prowess, Marvel and Disney will receive roughly 25% of the profits, according to insiders,” the outlet reported. “Disney will retain its merchandising rights and will put up roughly a quarter of the financing. As part of the arrangement, Spider-Man will also appear in one future Marvel Studios film.”

“I am thrilled that Spidey’s journey in the MCU will continue, and I and all of us at Marvel Studios are very excited that we get to keep working on it,” Feige said in a statement. “Spider-Man is a powerful icon and hero whose story crosses all ages and audiences around the globe. He also happens to be the only hero with the superpower to cross cinematic universes, so as Sony continues to develop their own Spidey-verse you never know what surprises the future might hold.”

Holland celebrated the news in his own way by sharing that scene of Leonardo DiCaprio from The Wold of Wall Street with one telling emoji. Scroll on below to see his post!

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