Moviefone: Tobey Maguire has outgrown the tights. The 34-year-old actor will not be returning for a fourth installment of the 'Spider-Man' superhero franchise, it has been confirmed. Joining him on the outs is director Sam Raimi. Instead, Sony and Marvel have announced that the next Spidey flick will focus on Peter Parker during his high school years and include all new cast. This new version is set to be released in summer 2012.

The studio and Raimi have reportedly been clashing over the script, but the director had nothing but nice things to say in a statement of his own.