Sam Raimi

The 34-year-old actor who played the lead in the past three Spider-Man flicks is hanging the famous Spidey suit for good.

Take a bow, Tobey.

According to Daily Mail, it isn’t just Tobey who’s quitting. Director Sam Raimi and Kirsten Dunst (who played Mary Jane Watson, Spider-Man’s love interest) have pulled out of the upcoming third superhero sequel. Although both Tobey and Sam are citing script problems and financial conditions as their reason for quitting, they insist have no hard feelings for the Spidey series.

“I am so proud of what we accomplished with the Spider-Man franchise over the last decade,” Tobey said. “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.”

Marvel Comics and Sony Pictures have new plans for Spider-Man 4, anyway. The movie, which will be released in 2012, will show Peter Parker in high school as he deals with teenage issues and his newfound super powers.

I can’t wait to see whom they’ll cast for the prequel. I pray that the execs keep their fingers away from the Twilight and Disney jars.