No more Spiderman movies in MCU. Disney and Sony broke their agreements.

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On Tuesday, negotiations broke down between Disney and Sony Pictures for future Spider-Man films, sending fans into a panic.

What's going on? Sony has controlled the rights to the web-slinger since 1999, but the two studios have been happily (or so we thought) sharing Spider-Man across a plethora of films since 2015, including a major emotional role in the latest "Avengers" movies. As part of the previous agreement, Marvel had also been acting as a producer on the 2017 and 2019 standalone Sony "Spider-Man" movies starring Tom Holland, which were both box-office blockbusters.

In a Sony statement on Tuesday night, the studio said the outstanding issue remained over the future involvement of Marvel President, and comic movie mastermind, Kevin Feige as a producer in future Spider-man films.

“Much of today’s news about Spider-Man has mischaracterized recent discussions about Kevin Feige’s involvement in the franchise," the statement said. "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. We hope this might change in the future."

"Kevin is terrific and we are grateful for his help and guidance and appreciate the path he has helped put us on, which we will continue," the statement continued. 

With a Hollywood divorce looking imminent, Twitter had a meltdown imagining the fate of its beloved teenage superhero. The Twitter hashtag #SaveSpiderMan, however steeped in irrational emotion, went viral Tuesday.

Spider-Man may not be in Marvel movies anymore.

If Sony and Disney can't come to a deal, Spidey might not be in Marvel movies in the near future – but he probably wouldn't be anyway, unless for some reason he was supposed to be in "Black Widow" or "The Eternals," the MCU's next two films (which is highly doubtful). There's plenty of time to work stuff out.

"This doesn’t necessarily mean that Spider-Man won’t be part of the MCU going forward," a person familiar with the negotiations but not authorized to speak publicly told  that "This story is just about producer credit."