Spider-Man 4 now teenage Spidey reboot.

From ICv2:

Variety is reporting that the studio, which could risk losing the rights to the Spider-Man character if it doesn't produce a new film, had a contingency plan in case of problems with the Raimi-helmed Spider-Man 4.  The plan involves a “reboot” script by James Vanderbilt that takes Spidey back to high school in a version that will feature all new younger actors and cost the studio far less to produce.  Avi Arad and Laura Ziskin, who have been involved in the production of all 3 Spider-Man movies, will be producing the new Spider-Man film.  The new teenage Spider-Man movie, which has no stars or director attached at present, is slated to debut in the summer of 2012.

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