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Can someone explain to me what how the licensing issue came about

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Can someone explain to me what how the licensing issue came about with Spider-Man, Sony and Marvel given that he is a Marvel character?
>>
Marvel wasn't always owned by Disney. When it was its own thing, it sold numerous of its superhero IPs to film studios, including Spider-Man to Sony.

In 2016, Kevin Feige approached Sony and rented Spidey for Civil War (BvS was coming) in return of Iron Man in Sony's new Spider-Man.
>>
marvel sold movie and merch rights to sony in the 90's when they were on the verge of bankruptcy
>>
>>85032333
Trips of truth.
Although I thought they actually did file for it at one point?
>>
>>85032178
>>85032333
So, as far as films go, Marvel wasn't doing so well with its own productions until Avengers Assembled started with Iron Man (2008)?
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>>85032105
God, I miss that costume. How did they get it so right?
>>
>>85032540
They were nearly bankrupt. Sold off Blade, X-Men, Punisher, Ghost-Rider, F4, Spiderman, Hulk and probably more that I'm forgetting.
>>
>>85032627
Damn, had no idea. Thanks for clearing it up guys!
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