Spider-Man will appear in an upcoming Marvel Cinematic Universe film and Marvel is coming on board to produce future “Spider-Man” films with Sony, the two studios announced Monday.

Under the deal, the new Spider-Man will first appear in a film from Marvel’s Cinematic Universe (MCU). Sony Pictures will thereafter release the next installment of its “Amazing Spider-Man” franchise, on July 28, 2017, in a film that will be co-produced by Kevin Feige and Amy Pascal, who oversaw the franchise launch for the studio 13 years ago.

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Together, the two will collaborate on a new creative direction for the web slinger. Sony Pictures will continue to finance, distribute, own and have final creative control of the Spider-Man films.

Marvel and Sony Pictures are also exploring opportunities to integrate characters from the MCU into future Spider-Man films.

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“I am thrilled to team with my friends at Sony Pictures along with Amy Pascal to produce the next Spider-Man movie,” said Feige in a statement. “Amy has been deeply involved in the realization on film of one of the world’s most beloved characters. Marvel’s involvement will hopefully deliver the creative continuity and authenticity that fans demand from the MCU. I am equally excited for the opportunity to have Spider-Man appear in the MCU, something which both we at Marvel, and fans alike, have been looking forward to for years.”

The first two “Amazing Spider-Man” films were directed by Marc Webb and starred Andrew Garfield as the webslinger, but Garfield will not reprise the role.