Toby Maguire will not be returning as Spider-Man

The 34-year-old actor and Spider-Man director Sam Raimi will not be returning to the superhero franchise next year

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Tobey Maguire's web-slinging days are behind him.

The 34-year-old actor and Spider-Man director Sam Raimi will not be returning to the superhero franchise next year.

Instead, Sony Pictures and Marvel Studios announced on Monday that a new Spider-Man film based on a script by James Vanderbilt that focuses on Peter Parker in high school would debut in the summer of 2012 with a new cast and filmmaking team.

"I am so proud of what we accomplished with the Spider-Man franchise over the last decade," Maguire said in a statement on Monday.

"Beyond the films themselves, I have formed some deep and lasting friendships. I am excited to see the next chapter unfold in this incredible story."

The announcement of a reboot comes after reports that Spider-Man 4 production stalled amid script revisions.

The original Spider-Man 4 release date seemed unlikely last week when Paramount Pictures announced that Thor, another big-screen Marvel superhero adaptation, had hammered out the same May 6, 2011, release date as the fourth Spidey instalment.

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