Date: 12th January 2010
Tobey Maguire and director Sam Raimi will not be returning for a fourth film in the hit Spider-Man franchise, it has been announced.
Sony Pictures and Marvel Studios said a new film would be released in 2012, but with a new story, director and cast.
The new movie will focus on the superhero's alter-ego, Peter Parker, in high school.
The announcement comes amid reports production on Spider-Man 4 had stalled after script revisions.
"I am so proud of what we accomplished with the Spider-Man franchise over the last decade," Maguire said in a statement.
"Beyond the films themselves, I have formed some deep and lasting friendships. I am excited to see the next chapter unfold in this incredible story."
Source: Press Release