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August 10, 2009

Nobody Cares: U2's Spider-Man Musical Faces Production Shutdown, Funding Problems...

Variety | Read Full Story >

The extensive work being done to prep for the technically demanding show, both in the shop constructing the physical production and in the theater where “Spider-Man” is due to bow, is said to have stopped this week.

The halt is attributed to cash flow obstacles that producers—including David Garfinkle, Martin McCallum, Marvel Entertainment and Sony Pictures Entertainment—are working to resolve, according to some in the industry affiliated with the show.

One explanation suggests the delay stems not from problems in raising the massive funds required for the tuner—said to be capitalized at north of $35 million—but from issues in mobilizing those great big chunks of coin.



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