Tom Holland's Spidey will also appear in an additional Marvel movie.
Spider-Man isn't leaving the MCU just yet!
After initial reports in August that Sony and Marvel couldn't work out a new deal to keep Tom Holland's Peter Parker in the Marvel Cinematic Universe, the two companies announced jointly on Friday that they found a way to make it happen.
As part of the new agreement, Marvel Studios' Kevin Feige will produce a third film in Holland's Spider-Man series, which includes both "Homecoming" and "Far From Home." Spider-Man will also appear in a future Marvel Studios film, according to a press release.
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"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 the announcement. "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."
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"This is terrific," added Amy Pascal, who will produce film. "Peter Parker's story took a dramatic turn in 'Far From Home' and I could not be happier we will all be working together as we see where his journey goes. This has been a winning partnership for the studios, the franchise and the fans and I'm overjoyed it will continue."
The third Spidey film will drop July 16, 2021.