Sony’s live-action Spider-Man spin-offs, such as Madame Web, Kraven the Hunter, and Morbius, have had a bumpy start to this decision.

Don’t expect sequels to Madame Web, Kraven the Hunter or Morbius anytime soon. But that doesn’t mean Sony is done with its live-action Spider-Man universe.
Tom Rothman, chairman and CEO of Sony Pictures, has confirmed that the studio intends to relaunch the franchise with a “fresh reboot” following a run of underwhelming theatrical performances.
Appearing on The Town podcast, Rothman was asked directly whether the broader Spider-Man universe — separate from the animated Spider-Verse — was effectively finished. “No,” he said. When pressed on whether the studio would revisit those characters, he replied, “Yes.” And when the interviewer clarified, “But it’ll be a fresh reboot?” Rothman responded, “Yes.” Asked if it would involve “new people”, he added, “Yes, yes.”