Nicole Sperling
January 11, 2010 AT 11:05 PM EST

It’s official: director Sam Raimi and star Tobey Maguire will not continue on with the fourth installment of the uber-successful Spider-Man franchise. The news comes after several weeks of wrangling between Sony and Raimi.

There is no word yet on a new director or star.

Now Sony will proceed with a new filmmaking team for Spider-Man 4, with a script from James Vanderbilt that puts the conflicted young super hero back in high school.

In a statement Raimi said, “Working on the Spider-Man movies was the experience of a lifetime for me. While we were looking forward to doing a fourth one together, the studio and Marvel have a unique opportunity to take the franchise in a new direction, and I know they will do a terrific job.” The fourth installment of Peter Parker’s travails will now come out in summer 2012 instead of the previously planned summer 2011.

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