Now Playing Magazine talked to Sam Raimi who confirmed that a villain for Spider-Man 3 has been settled on. Here's a clip from the interview:
"We wanted to have a villain not only who would fulfill the character needs but somebody who could entertain the audience on a visceral level and provide great visuals, something we haven't seen before, and create a real challenge and great foe for Spider-Man and his unique spidery, spider-like powers."
He added that Alvin Sargent is writing the screenplay right now.
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