According to the New York Post, the musical Spider-Man, which is headed for Broadway next year, starring U2’s frontman Bono, is poised to be a smash hit. The production cost was reported at more than $40 million.
Director Julie Taymor (Across the Universe, Frida) will be responsible for bringing the project to life. Taymor already has some experience in the theatrical department, since she’s directed the Disney musical, The Lion King.
It seems that the astronomical price tag for the production is a result of the anticipated cost of costumes.
The New York newspaper made a prediction that the production budget could be reduced to $35 million, but even with this attempt, there would be no proof that the musical will be profitable.