Marc Webb, the Golden Globe nominated director of ‘(500) Days of Summer’ has been roped in to direct the next ‘Spider-Man’ film.

Webb will replace Sam Raimi, who directed the last three instalments of the money spinning franchise. The film will recreate the younger days of the superhero with a new star cast after actor Tobey Maguire quit the franchise.

The new film is slated to climb into theatres in summer 2012, it was jointly announced today by Columbia Pictures and Marvel Studios.

Written by James Vanderbilt, Webb will work closely with producers Avi Arad and Laura Ziskin in developing the project, which will begin production later this year.

“At its core, Spider-Man is a small, intimate human story about an everyday teenager that takes place in an epic super-human world. The key for us as we sought a new director was to identify filmmakers who could give sharp focus to Peter Parker’s life,” Amy Pascal, co-chairman of Sony Pictures Entertainment, and Matt Tolmach, president of Columbia Pictures said in a statement.

“We wanted someone who could capture the awe of being in Peter’s shoes...We believe Marc Webb is the perfect choice to bring us on that journey,” Pascal and Tolmach added.

Webb now faces the challenge to step into Raimi’s shoes, whose three films became a blockbuster at the box office.

“This is a dream come true and I couldn’t be more aware of the challenge, responsibility, or opportunity. Sam Raimi’s virtuoso rendering of Spider-Man is a humbling precedent to follow and build upon. The first three films are beloved for good reason,” Webb said.

“But I think the Spider-Man mythology transcends not only generations but directors as well. I am signing on not to ’take over’ from Sam. That would be impossible. I’m here because there’s an opportunity for ideas, stories, and histories that will add a new dimension, canvas, and creative voice to Spider-Man,” Webb said.

The studio had earlier put the fourth movie on the back-burner. Raimi and the studio never agreed on the script, which was later scrapped and Maguire and director decided to quit the franchise.

The new film is the high school version of the superhero drama with a new starcast and the director.

Marvel Studios president Kevin Feige said that the re-imagining the on-screen story of ‘Spider Man’ will deliver an exciting new dimension.

“There are volumes of comics and material available to inspire fresh and compelling takes on Peter Parker and his journey as Spidey and we look forward to seeing this come alive on screen,” he said.