Sony and Marvel team up for the future of Spider-Man

Sony is bringing Marvel back into Spider-Man's world.

The studio announced Monday that the next chapter of its $4 billion franchise will be co-produced by Marvel Studios head Kevin Feige along with Sony's Amy Pascal for a July 28, 2017, release. Spider-Man will also appear in a Marvel film prior to the stand-alone.

According to the release, other characters from the Marvel Cinematic Universe, such as Iron Man, Thor and Captain America, may also be integrated into future Spider-Man movies.

This announcement is a significant partnership between rival studios Disney, who owns Marvel, and Sony, who holds rights to the Spider-Man character. Marvel's schedule has also been significantly altered by the new partnership, with scheduled films such as "Black Panther," ''Captain Marvel" and "Thor: Ragnarok" moving back five to six months.