The first Venom movie with Tom Hardy marked the beginning of Sony's Spider-Man Universe, which has yet to included Spider-Man himself. Instead of using Spidey, Sony has put villains and supporting characters into leading roles. Unlike the films that came after it, including Morbius and Madame Web, Venom was actually successful. However, the upcoming third film in the franchise, Venom: The Last Dance, will be the final Venom movie.

Sony Motion Pictures Group chairman Tom Rothman casually made the announcement during an interview with Deadline when he said "The third and last Venom, is going to be huge." He also noted that "when the last of the Spider-Verse movies comes with Phil Lord and Chris Miller, it's going to be a significant event, as will the next Tom Holland Spider-Man film."

The most surprising part of that announcement is that Hardy's Venom never got a chance to meet Tom Holland's Spider-Man despite Venom and Eddie Brock's cameo in Spider-Man: No Way Home. Sony often mentions that it has the rights to 900 Marvel characters, but Venom is one of the few on their roster who has actually been a leading character. Most of the others can't hold down their own comic book series, much less a movie or a TV show. That's why it's very possible that Sony may eventually change course, reboot the Venom films, or recast the role down the line.