Fans of Spider-Man are left heartbroken after Marvel Studios has withdrawn from producing Spider-Man movies.

Marvel Studios president Kevin Feige has pulled out of producing future Spider-Man movies due to alleged disputes between Sony and Marvel's parent company Disney over revenue.

This comes after the two sides failed to reach an agreement that would have given Marvel "a co-financing stake going forward".

As per news portal Deadline, Sony rejected an offer from Disney that future Spider-Man films be "a 50/50 co-financing arrangement between the studios."

Sources said that Sony, led by Tom Rothman and Tony Vinciquerra, came back with other configurations, but Disney didn’t want to do that.

Spider-Man was one of the biggest additions to the Marvel Cinematic Universe (MCU). Marvel Studios and Sony first agreed on a deal over Spider-Man in 2015, which allowed Peter Parker aka Spider-Man to become part of the highly-popular in MCU.

However, Sony maintained the rights to the character and was responsible for financing, distributing, and “final creative control.”

Tom Holland made his debut as the wall-crawler in MCU in 2016's Captain America: the Civil War and went on to reprise his role in Marvel's Avengers: Infinity War and Avengers: Endgame, apart from two successful standalone films — Spider-Man: Homecoming and Spider-Man: Far From Home, which earned widespread critical praise and became Sony's highest-grossing film of all-time at the box office.

Needless to say, Marvel fans are devastated about Peter Parker possibly leaving the MCU. Many are having trouble imagining Spider-Man films without that MCU connection.