It seems Sony has budgeted the picture at $80 million.
Columbia Pictures and Marvel Studios made the joint announcement today.
Another director's name comes up as Sony's front-runner.
It seems the (500) Days of Summer director is the front-runner.
Some new details emerge about James Vanderbilt's reboot script.
A brand new reboot with new cast and filmmakers is being developed.
The talent actor speaks out on the unlikely chance that he will return to the role of the popular Spider-Man villain.
The Spider-Man 4 writer may also direct the film as well.
The Spider-Man villain is still getting his own feature film from writers Rhett Reese and Paul Wernick.
Spider-Man's infamous foe will still get his own film.
The film will not be following the trend to 'go dark'. Meanwhile Venom is getting his own sequel.