"Spiderman" Movie Franchise Loses Tobey Maguire

By Caitlin Millat
|  Monday, Jan 11, 2010  |  Updated 6:01 PM CDT
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Universal Studios

"Spiderman" is getting a new superhero star.

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"Spiderman" is getting a new superhero star.

The movie franchise's fourth installment has unraveled, and later installments won't feature long-time Spidey portrayer Tobey Maguire at all, Columbia Pictures and Marvel Studios announced Monday.

"Spiderman 4" was moved from a May 2011 release earlier this week but was cut from Columbia's production calendar altogether Monday, E! Online reported.

Franchise producers will re-make the series once the concept is re-worked, moving the "Spiderman" movie saga to Peter Parker's high-school days -- meaning star Tobey Maguire won't be playing Spidey.

"Spiderman" 1-3 director Sam Raimi is also off the Spidey movie team, execs announced. Raimi said working on the movies was the "experience of a lifetime" and that he thinks studios will do a "terrific job" on the new films.

"Spiderman" is set to re-launch in summer 2012.

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