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