Spider-Man is joining the Marvel Cinematic Universe under a new deal between Sony Pictures Entertainment and Marvel Studios.
The move will allow Spider-Man to appear alongside Iron Man, Captain America, Thor and others in future films.
The character will appear in an unspecified Marvel Cinematic Universe movie, while Marvel's Kevin Feige will produce the next Spider-Man with Amy Pascal, due to hit cinemas on July 28, 2017.
US reports suggest that Andrew Garfield will not reprise his role as the character.
Sony Pictures will continue to finance, distribute, own and have final creative control of the Spider-Man films.
To accommodate for the movie, Disney - which owns Marvel Studios - has rescheduled some of its Marvel titles, including Thor: Ragnorak from July 28, 2017 to November 3, 2017 and Black Panther from November 3, 2017 to July 6, 2018.
What to Read Next
Inhumans has also been shifted to summer 2019 and Captain Marvel moves to November 2018.
Walt Disney Company chairman and CEO Bob Iger said: "Spider-Man is one of Marvel's great characters, beloved around the world.
"We're thrilled to work with Sony Pictures to bring the iconic web-slinger into the Marvel Cinematic Universe, which opens up fantastic new opportunities for storytelling and franchise building."
Sony Pictures Entertainment chairman and CEO Michael Lynton added: "We always want to collaborate with the best and most successful filmmakers to grow our franchises and develop our characters.
"Marvel, Kevin Feige and Amy, who helped orchestrate this deal, are the perfect team to help produce the next chapter of Spider-Man. This is the right decision for the franchise, for our business, for Marvel, and for the fans."
Watch the trailer for Marvel Studios' Avengers: Age of Ultron below:
