Kevin Feige is the president of Marvel Studios, having been involved since Iron Man, and had a hand in producing Spider-Man: Far From Home. But after a falling out between Disney and Sony over financing, Disney removed Feige from future Spider-Man projects.
Disney wanted future Spider-Man films to be a 50/50 split with possible Spider-Man universe films falling under the same deal. Sony refused, not wanting to share it’s biggest moneymaker. Sony countered with continuing their current deal where Marvel receives 5% of first dollar gross. Disney refused and the partnership ended.
It’s reported that Sony has two more Spider-Man films in the pipeline with director Jon Watts and star Tom Holland. Spider-Man: Homecoming grossed $880 million worldwide and Spider-Man: Far From Home grossed $1.1 billion worldwide.
Without Feige’s input, Spider-Man: Into the Spider-Verse won an Oscar for Best Animated Feature and grossed $375 million worldwide.