In a series of tweets posted on their official Twitter account, Sony addressed the recent reports of their conflict with Disney. According to Sony, it was Disney’s decision to pull producer Kevin Feige from the “Spider-Man” franchise. . Much of today’s news about Spider-Man has mischaracterized recent discussions about Kevin Feige’s involvement in the franchise. 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 Films, via statement. Sony also claimed that Feige’s departure is due to his busy schedule with Disney. . [We] understand that the many new responsibilities that Disney has given him – including all their newly added Marvel properties – do not allow time for him to work on IP they do not own, Sony Films, via statement. The statement contradicts initial reports that said Feige was forced out by Sony, due to the two studios inability to negotiate financial terms. . Feige served as a lead producer on both the standalone "Spider-Man" movies and “Avengers” movies that Spider-Man appeared in. Without a working deal in place between Sony and Disney, Spider-Man will no longer crossover into the MCU. The “Spider-Man” franchise is currently Sony’s most valuable brand, with two more movies scheduled for future release, regardless of Feige’s involvement.