Donald Trump wins TIME’s Person of the Year and the internet is in disbelief - Culture.

Spider-Man may be leaving the Marvel Universe. Here's what we know so far.

Just when you thought all the remaining Avengers were safe, a new threat has emerged.

Sony and Disney have been unable to reach new terms in their partnership over Spider-Man, and as a result, Deadline reports, Marvel Studios president Kevin Feige will no longer serve as producer on future films about the webslinger. Mashable has reached out to both studios for comment.

Does this mean Spider-Man is out of the Marvel Cinematic Universe? 

Unclear. The report does not indicate that Spidey is out of the MCU, only that Feige will not be lead creative producer on the character's movies going forward. Theoretically, it's possible Sony and Disney could agree to keep making Spidey movies that are part of the MCU, just without Feige as a credited producer.

That said, Feige is the mastermind overseeing the entire MCU, and it seems unlikely he'd be willing to relinquish too much creative control over one of the franchise's most popular characters. He may insist that Spider-Man no longer be part of the MCU, or he may reposition the character's role in the series going forward (for example, by making him less central to the Avengers films.) So, TL;DR: Maybe, but not necessarily.

Does this mean Tom Holland is done playing Spidey?

Again, hard to say for sure right now with so much in flux — but at present, it seems as though the plan is for Holland to stay on as the character.

According to sources who spoke with Deadline, Sony currently has two more Spider-Man movies in the works with Holland as Peter Parker and Jon Watts (who helmed Homecoming and Far From Home) as director. Amy Pascal, who produced both of Holland's Spider-Man solo films, is also on board. 

In other words, we could be looking at a situation in which Holland is still Peter Parker, but Holland's future Peter Parker movies are not considered canonical to the MCU. 

What does this mean for Sony's other upcoming Spider-Man movies?

As far as we know, there is no reason to assume Sony's other upcoming Spider-Man and Spider-Man-related projects, like the sequels to Venom and Spider-Man: Into the Spider-Verse will be affected. Though Feige has had an unofficial hand in Sony's non-MCU Spider-Man movies, he isn't a creative lead.

What is this dispute over, anyway?

Money, of course. The short version: Disney wanted more favorable terms, and Sony liked the terms they already had, and the two sides have been unable to reach an agreement. 

The longer version: Disney reportedly wanted to share a 50/50 partnership with Sony on Spider-Man movies going forward, and possibly other Spider-Man-related movies as well, like Venom. Sony rejected those terms, preferring to keep the current arrangement whereby Marvel receives around 5 percent of first-dollar gross. 

The reason Disney needs to battle Sony over Spider-Man in the first place is because Sony has the rights to the character, going back to before the MCU was even a twinkle in Kevin Feige's eye. But in 2015, the two studios announced a deal to share the character, thus allowing Spider-Man to join the MCU in Captain America: Civil War and onward.

How is the internet taking this?

About as well as you'd expect, which is to say not well at all. 

Although some people were excited in a good way. Hey, not everyone likes the MCU Spider-Man movies.

So exactly how much should I be freaking out right now?

Not at all — for now. As outlined above, it remains uncertain what exactly this means for Spidey's future films. Until the dust settles, we won't even know what there is to get upset about. (And if and when there is something to be upset about, we'll be right there screaming and weeping with the rest of you.) 

Plus, things could still change. Sony and Disney are at a stalemate right now, but as Variety notes, a deal could still be worked out. If conversations pick back up again and the two are able to find a compromise, the partnership could continue uninterrupted for future films.

Indeed, it's not out of line to wonder if the Deadline story itself is a negotiating tactic on Disney's part to gain some leverage by prodding fans to pressure Sony into caving. It's not an unheard-of strategy for industry players — and if all the yelling on Twitter is any indication, it might even be a pretty effective one. 

Stay tuned.

Update, August 21, 10:40 a.m. ET: A spokesperson for Sony Pictures sent the following statement.

"Much of today’s news about Spider-Man has mischaracterized recent discussions about Kevin Feige’s involvement in the franchise. 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, but understand that the many new responsibilities that Disney has given him – including all their newly added Marvel properties – do not allow time for him to work on IP they do not own. 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."

WATCH: Five Marvel movies to look forward to after 'Avengers: Endgame'

Mashable partner.