According to the NY Post, the immensely complicated and expensive — $45 million — Spider-Man Broadway musical, has shut down production because it ran out of money. Directed by Julie Taymor with music by Bono and The Edge, the musical — entitled SPIDER-MAN: TURN OFF THE DARK — promised to be a spectacle like nothing ever launched on Broadway. Evan Rachel Wood and Alan Cumming had been cast, and the show was set to begin in February, 2010. But…
Last week, production crews at both the Hilton Theatre and the scene shop where the show was being built were put on “hiatus” because the producers ran out of money. Assistants in the scene shop “ran to the bank to cash their checks because they weren’t sure they’d clear,” a source says.Now comes word that the actors have been released from their contracts, with no incentive (i.e., money) to hang around waiting for the production to get back on track.
Meanwhile, ticket agents are desperately trying to get refunds for deposits from theater parties that booked early previews.
Author Michael Riedel blames inexperienced producers — Sony, Marvel and lawyer David Garfinkle — and Taymor’s grand but hard-to-pull-off vision for a Cirque du Soleil-like extravaganza. Although some still think she show will open February 25th as promised, the financial tale is grim: the show would take five years of sold out houses every time to just break even.
Perhaps more to the point, there is a letter in the comments from one J. Jonah Jameson:
So Spider-Man, a well-known criminal mastermind, makes off with $45 million dollars and all you want to do is blame the producer of a stage show?!? Wake up and arrest this web-slinging menace before he strikes again!!! Oh, and Bono, how about a front page interview with the Bugle about how Spider-Man pulled off this heist??