Back in August, we reported that Sony Pictures and Disney's Marvel Studios were fighting over money ahead of the next Spider-Man movie, with neither side able to come up with an agreement they liked.
Since then, it has been announced that Sony and Disney couldn't make it work, meaning they will no longer be collaborating on Spider-Man.
This means Marvel Studio's president Kevin Feige will no longer produce the films, which almost certainly means Tom Holland's iteration of the superhero is out for any future movies.
This is huge news for fans, as the British boy's iteration of the classic superhero has been widely regarded as one of the best so far - of not ever.
WATCH: Real-life superhero Tom Holland saves fan having a panic attack!
Kevin Smith - an American filmmaker - recently came out with a statement saying that if Sony doesn't move ahead with Tom Holland, fans and industry people alike will be gutted.
"I just watched Spider-Man: Far from Home this morning, it’s available on home video or whatever the f***. So, I got a little bit of taste [of Tony] there and stuff and once again, like I hate to be this guy, but rewatching that movie… that Spider-Man is perfect. I really hope these f***ers like figure their sh** out. Last I heard was Sony said, ‘Hey, we’ll offer you 30% of the box office’ to Disney and we’re still waiting to hear back."
Sony could take the high road, and continue along the creative path forged by director and co-writer Jon Watts and the creative team at Marvel Studios, but knowing what we know of dudes in power, the high road seems pretty unlikely.
No formal announcement has been made from Sony just yet, so all we can do for now is pray for a miracle.