Director Jon Watts has decided to move on from the Marvel Cinematic Universe for now. The director helmed three well-received Spider-Man movies (Homecoming in 2017, Far From Home in 2019 and No Way Home in 2021) which cumulatively grossed $3.9 billion at the box office. In 2020 it was announced he would be helming a new Fantastic Four movie, which will now be handled by someone else.
The rights to Fantastic Four were acquired by Fox, who released Fantastic Four in 2005 and Rise of the Silver Surfer in 2007. A reboot, just called Fantastic Four, was released in 2015 to a poor critical reception and very poor box office.
In 2019, Marvel regained the rights to Fantastic Four as part of the sale of 21st Century Fox to Disney. Development of the new film began at that time. Watts was tipped for the role because of his success in releasing three well-received and well-performing Spider-Man films in just four years, and the fact that Fantastic Four shares some of its DNA with Spider-Man (both franchises are set in New York City and meld everyday drama with superhero shenanigans), with the characters frequently crossing over in the comics.
Marvel will now be looking for a replacement. They could bring in fresh blood or reassign one of their existing stable of directors. In particular, Peyton Reed has previously expressed an interest in a Fantastic Four project. Reed previously helmed Ant-Man (2015) and Ant-Man and the Wasp (2018) and is currently shooting Ant-Man and the Wasp: Quantumania for release in 2023. Marvel may want to get moving on the project sooner than that, however.
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