Earlier today, we reported that Marc Webb's The Amazing Spider-Man 2 began production in New York.  Now, we have the full press release that reveals the first official synopsis and the principal cast.  We knew that Paul Giamatti was in talks to join the production and can confirm that now, but his role has yet to be specified.  Another new name that joins the sequel's cast is Colm Feore (Thor), but his role is also unspecified (Norman Osborn?).  Hit the jump to check out the synopsis and read the press release.

Check out the full press release below:

New York, February 5, 2013 – Columbia Pictures announced today that filming has begun on The Amazing Spider-Man™ 2 in New York. The film is the first in the history of the franchise that will be filmed entirely in New York City and New York State. 

The sequel to last year’s critical and box office hit The Amazing Spider-Man, the film stars Andrew Garfield, Emma Stone, Jamie Foxx, Shailene Woodley, Dane DeHaan, Colm Feore, Paul Giamatti, and Sally Field. 

In The Amazing Spider-Man™ 2, for Peter Parker (Andrew Garfield), life is busy – between taking out the bad guys as Spider-Man and spending time with the person he loves, Gwen (Emma Stone), high school graduation can’t come quickly enough. Peter hasn’t forgotten about the promise he made to Gwen’s father to protect her by staying away – but that’s a promise he just can’t keep. Things will change for Peter when a new villain, Electro (Jamie Foxx), emerges, an old friend, Harry Osborn (Dane DeHaan), returns, and Peter uncovers new clues about his past. 

The film is directed by Marc Webb from a screenplay by Alex Kurtzman & Roberto Orci & Jeff Pinkner, with a previous draft by James Vanderbilt, and based on the Marvel Comic Book by Stan Lee and Steve Ditko. Avi Arad and Matt Tolmach are the producers. 

The film’s key behind-the-scenes team includes director of photography Dan Mindel, production designer Mark Friedberg, editors Pietro Scalia and Elliot Graham, and costume designer Deborah L. Scott. 

The latest chapter in the Spider-Man story is set for release in 3D on May 2, 2014.