Raimi, Maguire Out of 'Spider-Man 4' | The Wrap

Raimi, Maguire Out of 'Spider-Man 4' | The Wrap: "Sony has pulled out of 'Spiderman 4' with Sam Raimi and Tobey Maguire because of scheduling conflicts with the director, and will reboot the franchise for 2012 with another team, the studio announced on Monday .

'Spiderman 4' was supposed to have been released in 2011. The franchise has produced billions of dollars in revenue for the studio, all of them directed by Raimi."

This has been a great series... not sure about this move though.