Marvel Studios
The next film licensed from Marvel Studios was "Spider-Man" by Columbia Pictures, directed by Sam Raimi and starring Tobey Maguire as Spider-Man. The film was released on May 3, 2002, grossing $403,706,375 in the United States and Canada and $821,708,551 worldwide. The early success of "Spider-Man" led the film's studio to issue a seven-figure advance for a sequel. Arad spoke of the deal, "Movies make sequels. Therefore, it's a big economic luxury to know that a movie's going to get a second and third. This is a business of precedence." According to a Lehman Brothers analysis, the Studios made only $62 million for the first 2 Spider-Man movies. Marvel was making more from half the consumer product licensing fees while making relatively little from the movie, but was enough for Marvel to regain its financial footings. In October 2002, Marvel Studios announced deals for Sub-Mariner and Prime with Universal Studios.
Spider-Man 2
Immediately after finishing "Spider-Man", director Sam Raimi with help from James Keltie segued into directing a sequel. In April 2002, Sony hired Alfred Gough and Miles Millar to write a script with Doctor Octopus, the Lizard and Black Cat as the villains. On May 8, 2002, following "Spider-Man" record-breaking $115 million opening weekend, Sony Pictures announced a sequel for 2004. Entitled "The Amazing Spider-Man", after the character's main comic book title, the film was given a budget of $200 million and aimed for a release date of May 7, 2004. The following month, David Koepp was added to co-write with Gough and Millar.