Marvel and Sony Pictures have worked out a new deal that will see Tom Holland's Spider-Man remain a part of the MCU. Details of the new arrangement remain unclear, but Feige will produce a third Spider-Man movie which has now been revealed as arriving July 2021. 

Back in the summer, Marvel fans were left devastated by the news that Sony and Marvel were parting ways as a new deal to share Spider-Man couldn't be reached. To cut a long story short, Kevin Feige wouldn't be involved in any further Spider-Man sequels, and Holland's Peter Parker would be excluded from appearing in any future MCU movies. Regardless of both Feige and Holland putting a positive spin on the news, the decision was not taken well by fans. 

In a statement released via Variety, here's what Marvel's Kevin Feige had to say;

“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. 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.”

Sony is moving full steam ahead with its Spider-verse with Venom 2 and Morbius arriving next year, beyond that there's a sequel to Into The Spider-verse, a couple of animated spin-off, and the recently announced Madame Web movie. Venom remained a largely self-contained story that didn't connect directly to Spider-Man. That could well change with Venom 2, but at this stage, it is too soon to speculate. The great big hug of good news here is that Spider-Man is back where he belongs in the MCU.