Todd McFarlane’s deal to reboot Spawn was the result of extensive negotiation and work on his part. As part of that deal, McFarlane is working with an extremely low budget to make the film, which will focus predominantly on the character Twitch and a titular superhero who’s described as a mythical being. And even with such a limited budget, McFarlane announced late in May that he’d signed Jamie Foxx to play Spawn.
At that time, no mention was made of who might portray Twitch, but McFarlane recently remarked that Leonardo DiCaprio would be a great choice for the role!
The director is currently hard at work developing the reboot. Although he managed to attract a production company, he still needs to find a distributor. He feels that Sony could and should be that distributor:
Here's a big What If: What if Sony distributes Spawn? Then is it possible that in the future Sony could have a crossover with Venom and Spawn? It's possible. So I will be presenting that possibility to the Sony executives when we get ready (CBR).
McFarlane may become a Venom co-creator, but Marvel owns the character and Image owns Spawn. This could be a roadblock if it does comes down to creating any type of crossover, but McFarlane even had a solution for that:
My conversation with them would be, “Why wouldn't you?” Here's what I know. Let's say Venom is huge "” I hope it is "” then no matter who distributes Spawn, the first thing you will see in every trailer will be, From the co-creator of Venom. So, then my question to Sony is, “Why would you let one of your competitors use that line, given that it was your effort that made Venom work? Your money that made Venom work? Your marketing that made Venom work?” I think it's worth asking, then, what happens if they both work? And then what happens ten years down the line, when they want to do a Spawn/Venom crossover and they get the guy who helped create both those characters to direct it? Might be kind of cool.