Sam Raimi Exits Spider-Man 4, Franchise Reboot in 2012

The big news of today is that “Spider Man 4″, originally punched in for a Summer 2011 release, has been squashed. Director Sam Raimi couldn’t get the script together in time and thought that 2011 was just too close to get a movie, hopefully way better than Spider Man 3, into theatres. So he’s walked away.

Sony has decided instead to reboot the series, taking Peter Parker back to his roots as a teenage web crawler, girl crazy, nerdy and just getting used to the whole super hero drama. This means of course we get a whole new cast. No Tobey, no Kirsten and also, sadly, no John Malkovich as the Vulture.

Here’s the choice bits of the Sony Press Release

Peter Parker is going back to high school when the next Spider-Man hits theaters in the summer of 2012. Columbia Pictures and Marvel Studios announced today they are moving forward with a film based on a script by James Vanderbilt that focuses on a teenager grappling with both contemporary human problems and amazing super-human crises.

In my opinion, the series needs to get back to basics. No more singing and dancing. Please. Thanks to /Film for the scoop via Nikki Finke.