What I don't get is if Sony sticks with no agreement and SM is no longer in the MCU, why would they keep Holland as SM? He has one film left in his contract. So say they make a SM movie with him.....what exactly is the story? You can't reboot it because that wouldn't work, especially if Holland doesn't sign up for anymore films. You can't reference anything from the MCU, nor any characters like Stark, Happy Hogan, and Nick Fury. Do they just try to stick him in the Venom movies?
Seems to me if Sony goes all in, the better move would be to just wait a few years and completely reboot it, or even better just go Miles Morales. I think trying to make a non-MCU Holland SM movie would be a very bad move. The hardcore fans will likely skip it and casual fans are going to be confused as heck when suddenly SM makes no mention of Stark, the Avengers, Hogan, etc.
I still say a deal will be struck, but if not and Sony goes through with what they apparently have planned then it's going to likely be a pretty big clusterf.