"Peter Parker is going back to high school when the next 'Spider-Man' hits theaters in the summer of 2012," the company said in their statement.
"A decade ago we set out on this journey with Sam Raimi and Tobey Maguire and together we made three Spider-Man films that set a new bar for the genre. When we began, no one ever imagined that we would make history at the box-office and now we have a rare opportunity to make history once again with this franchise. Peter Parker as an ordinary young adult grappling with extraordinary powers has always been the foundation that has made this character so timeless and compelling for generations of fans. We're very excited about the creative possibilities that come from returning to Peter's roots and we look forward to working once again with Marvel Studios, Avi Arad and Laura Ziskin on this new beginning." said Amy Pascal, co-chairman of Sony Pictures Entertainment.
Sam Raimi, the director of the first three Spider-Man films, will not return and Tobey Maguire will not be returning to play Peter Parker. It will be a new director and a brand new cast.