When Marvel was trying to get something out of their product during the bad times of the 90s they ended up licensing their characters to different movie studios, with admittedly mixed results. Now creating Marvel Studios and later being own by Disney they now have their own cinematic universe, even basically coining the term. However. some of those rights still belong to other movie studios even if they aren’t using them, Universal! Slashfilm breaks down who currently has the rights to which Marvel heroes and why Spider-Man’s presence in the MCU is volatile. Note that this deal is also why Peter is missing so much of his proper iconography outside of his costume and powers.