Sat Oct 11, 2008 — by Karl Cramer

Will Spider-Man Be the Most Expensive Musical Ever?

Broadway's Spider-Man musical budget is fatter then the Kingpin.

Remember back in July when we told you about the Spider-Man musical? The one with the questionable plot device involving a Spider Goddess spinning Peter Parker’s story. Oh yeeaaah, that one.

Michael Riedel, the Broadway beat reporter for the New York Post is reporting that the budget has swelled to $40 million, for now, with a weekly running cost of $1 million per week of its run. To break even, the show would have to become one of the longest running shows in history.

The show is in one of New York City’s largest theaters, a score written by U2’s Bono, and brought to life by an army of designers.

Director Julie Taymor, who rose to fame for Disney’s Lion King musical, has a spotty track record.  The story reports that investors are becoming worried. It doesn’t help that in this economy, theater attendance is expected to dip.

Is your Spider Sense tingling, Peter?

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