Sony Pictures and Marvel Studios are opening a new chapter in the Spider-man franchise, taking hero Peter Parker back to high school in the next big screen outing.
The new chapter will be produced by Columbia, Marvel Studios and Avi Arad and Laura Ziskin. It will have a new cast and filmmaking team - with both star Tobey Maguire and former director Sam Raimi stepping down.
It is scheduled to hit cinemas in summer 2012, a year later than the originally mooted Spider-man 4.
"When we began, no one ever imagined that we would make history at the box office and now we have a rare opportunity to make history once again with this franchise," explained Amy Pascal, co-chairman of Sony Pictures Entertainment.
"Peter Parker as an ordinary young adult grappling with extraordinary powers has always been the foundation that has made this character so timeless and compelling for generations of fans. We're very excited about the creative possibilities that come from returning to Peter's roots."
Sam Raimi added: "Working on the Spider-man movies was the experience of a lifetime for me. The studio and Marvel have a unique opportunity to take the franchise in a new direction and I know they will do a terrific job."