Following a lengthy casting process, Sony Pictures and Marvel Studios have finally decided on Tom Holland to play the titular character - Spider-Man in their next Spider-Man film, which is set to hit theatres in July 2017.

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Holland will make his first appearance in Captain America: Civil War, which will open in May 2016.

Additionally, director Jon Watts (Cop Car) has been tapped to helm the standalone Spider-Man film.

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Photo Credit: Popsugar

Amy Pascal added, “Sony, Marvel, Kevin and I all knew that for Peter Parker, we had to find a vibrant, talented young actor capable of embodying one of the most well-known characters in the world. With Tom, we’ve found the perfect actor to bring Spider-Man’s story into the Marvel Cinematic Universe.”

Sony Pictures will finance and release worldwide the next installment of the $4 billion Spider-Man franchise, in a film co-produced by Kevin Feige and his expert team at Marvel and Amy Pascal, who oversaw the franchise launch for the studio 13 years ago. Together, they will collaborate on a new creative direction for the Web-Slinger.