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Broadway's 'Spider-Man' caught in its own financial web

November 5, 2009 | 10:20 pm

Taymor It was on again and then off again and then it was on again, again. And now, by the looks of things, it could be off again for good.

Has there been a Broadway production that has suffered so many problems on its journey from concept to reality as "Spider-Man: Turn Off the Dark" -- the long-awaited mega-musical based on the Marvel Entertainment comic book hero?

Production on the Julie Taymor project has been a roller-coaster ride of budget collapses and quasi-resurrections. Of course, it's hardly surprising given that the proposed price tag for the blockbuster musical is said to be around $52 million -- which, in Broadway terms, is as big as it gets. 

The Times' John Horn has gone behind the scenes of "Spider-Man" and has discovered that producers still need to raise as much as $24 million. With deadlines looming, the production is said to still be looking for financial backers. 

Will "Spider-man" open in time for the all-important Tony Awards? Will it open at all? And what do Bono and the Edge -- who wrote the songs for the musical -- have to say about the current predicament?

Read the full Times story to find out.

-- David Ng

Photo: Julie Taymor. Credit: Jason Kempin / Getty Images

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