I read an update on the situation that stated that it was more about a producer credit than bigger issues and that talks are still ongoing, so this thing isn't dead yet.
I cannot help but to think that both sides will ultimately work it out.
Both must realize that they have far too much to lose and need one another.
I think it will eventually come to an agreement .. but unfortunately that could be way down the road from now.
the flip good side is this version of Spider-Man (tom Holland) has allowed Spider-move mania to bounce back from the swamp as previously had issues at the
box office, and it had been in the slumping ever since Sam Raimi left the spidey workings.
the Andrew Garner version simply brought nothing of character appeal to the Parker- Spidey movement,
and the worst highlight was Spidey who was Marvel's pride and glory single superhero figure appeal (before Iron Man took the throne) wasn't pulling in the box office openings
Marvel thought it should have been, thus the needed mission for the " right" Spider man director, actor, right supporting cast, (ala Parker's hilarious friend Ned)
the only two things that I have not liked about the new Tom Holland's version is
1) the new Aunt May - I just cannot get with the younger Marisa Touma (sp) ,as it seems so misplaced and miscast- a horrible mistake, imo
2) Parker's love interests - they have been so boring and under-developed, a far cry from Kirsten Dunst's Mary Jane stand out performances
I also have to admit that I really didn't care for the Vulture in Spider-Man Homecoming, as I thought this villain and how he was displayed brought zero appeal and believe to the scene. It felt so fan-made fake, like it was built from YouTube or something.
As comparisons,, I easily got into Doctor Octopus (in Spider-Man 2) because his origin and good/evil character was so very well developed, the Green Goblin/Harry Osborn worked extremely also and would have even far better if not for that campy, cheesy- looking, fun house helmet he was wearing that covered up his facial expressions.
I think i'm ranting on too much, but because the Holland version has sprung a box office comeback for the Spidey franchise and money does talk .. it will eventually come to an agreement and be back in
production, ...but it could be a totally another question as to when and how long it will take the two sides to finally come to an mutual agreement.