It’s not.
It’s part of Sony’s Spider-Man Universe, same as the Venom movies, Morbius, and Madame Web.
The Things Sony Has The Rights To Cinematic Universe is such a weird thing to make.
It doesn’t even have Spider-Man in it. There’s seemingly no direction or underlying plot to work towards. It doesn’t even seem to make any money.
Wtf is it for?
I always thought they were going to lead up to a Sinister Six movie, perhaps with Andrew Garfield.
That was the plan.
Sony suffered a data breach in 2014, and all their emails leaked. In those emails, they were discussing plans to make a Sinister Six movie with Spider-Man having a major role.
Marvel licensed the film rights to Spider Man to Sony.
Then X-Men to Fox.
Then Hulk to Universal.
And throughout all of this, the lawyers have fought over which villains or characters properly fall within each category, signing new deals or borrowing characters and rights.
The Disney-Fox merger made things simpler for X-Men versus not-X-Men characters. But the Spider-Man cross licensing for Sony-produced Spider Man movies that take place within the same universe as MCU makes it more complicated, too. So did the Netflix rights to Daredevil and Jessica Jones and a few other characters in that orbit.
Wtf is it for?
To make money, including making sure that rights don’t lapse from non-use.