The first film in the Marvel Cinematic Universe was Iron Man (2008), which was distributed by Paramount Pictures. Paramount also distributed Iron Man 2 (2010), Thor (2011) and Captain America: The First Avenger (2011), while Universal Pictures distributed The Incredible Hulk (2008). Walt Disney Studios Motion Pictures began distributing the films with the 2012 crossover film concluded Phase One of the franchise.
Phase Two includes Iron Man 3 (2013), Thor: The Dark World (2013), Captain America: The Winter Soldier (2014), Guardians of the Galaxy (2014), Avengers: Age of Ultron (2015), and Ant-Man (2015).
Captain America: Civil War (2016) is the first film in the franchise's Phase Three, and is followed by Doctor Strange (2016), Guardians of the Galaxy Vol. 2 (2017) and Spider-Man: Homecoming (2017), with Thor: Ragnarok (2017), Black Panther (2018), Avengers: Infinity War (2018), Ant-Man and the Wasp (2018), Captain Marvel (2019) and an untitled Avengers film (2019) scheduled for the phase. Sony Pictures distributes the Spider-Man films, which they continue to own, finance, and have final creative control over.
A sequel to Spider-Man: Homecoming has been scheduled for 2019, alongside three untitled films scheduled for 2020, and Guardians of the Galaxy Vol. 3 has been announced. It's been indicated that Marvel may abandon the phase grouping after the conclusion of Phase Three.