Disney Sets it's Sites on Spider-Man
Disney wants to buy Spider-Man.
While rumors have circulated before the Sony-Disney dispute of such a purchase, it was mere speculation, especially the erroneous high number that was quoted. What I'm hearing is that Disney is looking to offer in the range of $4 to $5 billion for Spider-Man. But now the questions will be asked.
I) What about Apple and Amazon purchasing Sony Pictures and the Spider-Man rights transferring back to Disney? Companies cannot be run on the assumption of future or pending deals, which is why Fox proceeded with Dark Phoenix even in the midst of the merger with Disney. Until all contracts are signed and approved, nothing is official. Disney has huge plans for Spider-Man, and they can't gamble those on the assumption that Sony Pictures will be sold to anyone and, if they are, will it pass legislative hurdles? And how long will that take? Years? The clock is ticking. Spider-Man is Marvel's most well-known hero, and with Iron Man and Captain America gone, they need an anchor in the MCU.
II) What about the deal they just made with Sony? It's perfectly fine, but it's not enough. Both Disney and Sony were under deadline pressures. They had to get something done now so that Jon Watts will be signed, and the screenplay and subsequent pre-production can begin. Negotiations for the purchase of Spider-Man's rights will not happen overnight. In fact, I'm only getting one side of the story here: Disney's. I don't know how Sony feels about this. But my Spidey sense is tingling as Sony is willing to sell the Masters of the Universe film rights to Netflix. It's all about finding the magic number. As they say, everything has a price.
III) What about the 25% equity stake in Spider-Man IP that Forbes reported, claiming Disney now has from the new deal? If accurate, it's still not enough. Yes, Disney will accept this and continue to renegotiate with Sony for future Spider-Man movies and appearances if that's all they can get. But their preference is for them to own him completely, and they will go for it.
Should this happen, perhaps the title for 3 should be Home For Good.
Part II will be on Lords of The Long Box at 6 p.m. and Part III on 3 Buck Theater at 7 p.m., both PST tonight. (Updated with video below.)