Warning: Contains spoilers for Morbius.
Sony's Spider-Man universe is a bit of a mess right now, and the only thing that can save it is The Amazing Spider-Man 3. Currently, the universe only exists to set up Spider-Man villains, but it has no Spider-Man for them to fight. Although some enjoy the movies being free of that connection, the universe's three films have been heavily criticized for the lack of Spider-Man ties. But Sony could easily salvage it by adding Andrew Garfield's Spider-Man and making The Amazing Spider-Man 3.
The Amazing Spider-Man films were originally intended to spawn several spinoffs, allowing Sony to make their own cinematic universe with movies like Sony's canceled Sinister Six movie. However, once Spider-Man was introduced into the MCU through a partnership between Marvel and Sony, the Amazing series was canceled. Sony quickly realized something, though: they could scrape some money off the top by making their own movies that were vaguely connected to the MCU. Since Sony had the rights to the Spider-Manvillains, they started making movies based on them. So far, Sony has made two Venom films and Morbius, with many more movies to come in the future.
Related: Why Morbius' Reviews Are So Bad
While at its release it seemed like Venom may take place in the MCU, it is now confirmed that Sony's Spider-Manfilms take place in a different universe. However, it has not yet been confirmed what that universe is. Out of the three movies that Sony has made, none of them have shown a direct connection to the Spider-Man Raimi-verse or Webb-verse, meaning that they likely take exist independently. The films have more than just canonical issues, though. Most viewers believe that none of Sony's films are as good as
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