Marvel Cinematic Universe: Phase Five

Phase Five of the Marvel Cinematic Universe (MCU) is a group of American superhero films and television series produced by Marvel Studios based on characters that appear in publications by Marvel Comics. The MCU is the shared universe in which all of the films and series are set. The phase includes television series produced by Marvel Studios and Marvel Studios Animation for the streaming service Disney+. The 2023 Hollywood labor disputes impacted the phase, leading to various schedule changes. It began with the film Ant-Man and the Wasp: Quantumania in February 2023 and ended with the series Ironheart in July 2025. Phases Four, Five, and Six make up "The Multiverse Saga" storyline.

Kevin Feige produced every film in the phase, with Lauren Shuler Donner, Ryan Reynolds, and Shawn Levy also producing Deadpool & Wolverine (2024), and Marvel Studios executives Stephen Broussard and Nate Moore also producing some of the phase's other films. The films star Paul Rudd as Scott Lang / Ant-Man and Evangeline Lilly as Hope van Dyne / Wasp in Quantumania; Chris Pratt as Peter Quill / Star-Lord in Guardians of the Galaxy Vol. 3 (2023); Brie Larson as Carol Danvers / Captain Marvel, Teyonah Parris as Monica Rambeau, and Iman Vellani as Kamala Khan / Ms. Marvel in The Marvels (2023); Reynolds as Wade Wilson / Deadpool and Hugh Jackman as Logan / Wolverine in Deadpool & Wolverine; Anthony Mackie as Sam Wilson / Captain America in Captain America: Brave New World (2025); and Florence Pugh as Yelena Belova in Thunderbolts* (2025). Walt Disney Studios Motion Pictures distributed the films, which grossed over US$3.6 billion at the global box office. The Marvels is the first box-office bomb of the MCU.

Marvel Studios' approach to television shifted during work on this phase, moving away from limited event series to focus more on multi-season series. Several new labels were introduced for the studio's series during this phase: "Marvel Animation" for the animated series; "Marvel Spotlight" for the more standalone series Echo (2024); and "Marvel Television" for other live-action series, starting with Agatha All Along (2024). The television series star Samuel L. Jackson as Nick Fury in Secret Invasion (2023), Tom Hiddleston as Loki in the second season of Loki (2023), Jeffrey Wright as the Watcher in the second and third seasons of the animated What If...? (2023–24), Alaqua Cox as Maya Lopez / Echo in Echo, Kathryn Hahn as Agatha Harkness in Agatha All Along, Hudson Thames as Peter Parker / Spider-Man in the first season of the animated Your Friendly Neighborhood Spider-Man (2025), Charlie Cox as Matt Murdock / Daredevil in the first season of Daredevil: Born Again (2025), and Dominique Thorne as Riri Williams / Ironheart in Ironheart.

The second season of the I Am Groot animated shorts and a tie-in comic book for Your Friendly Neighborhood Spider-Man are also included in this phase. Hiddleston, Jackson, and Sebastian Stan—who plays Bucky Barnes—have the most appearances in the phase, each starring or making cameo appearances in four productions. Additionally, the first season of the Marvel Studios Animation series X-Men '97 was released on Disney+ alongside Phase Five as part of the Multiverse Saga.