But its resulting partnership, which was in the works since October, is just that — an arrangement that enables both Sony and Marvel to mutually benefit at the box office by having Spider-Man appear in their movies.
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The financial relationship is likened by sources to the kind of compensation structure a producer would receive.
Marvel had originally wanted to buy back Spider-Man from Sony.
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Making a crossover could have been costly, since Disney would have been expected to shell out millions.
But the actual deal turns out to much cheaper — more like free.
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Sony won’t receive a percentage of the revenue Disney makes from Marvel’s films that have Spider-Man, either.
There may be some opportunities for Marvel to benefit financially from the Sony films, with payments tied to certain box office milestones.