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It turns out that even your friendly neighborhood Spider-Man is not immune to the tough economic times that has gripped our country these days as new word today reveals that the Broadway musical due for release next year which is based on the web-slinging comic book hero, titled Spider-Man: Turn Off the Dark, has been put on hold due to soaring production costs. HMMM, I wonder if Spidey‘s spider sense gave him a head’s up beforehand:

Spidey’s Broadway debut may be hanging by a thread. “Spider-Man: Turn Off the Dark” is entangled in a web of cash-flow problems that have forced a temporary halt to the reported $45 million production. Hello Entertainment, one of the show’s producers, released a statement confirming that “due to an unexpected cash-flow problem,” the show “has been forced to suspend its activities.” The show features music by Bono and is directed by Julie Taymor of “Lion King” fame. Producers insist the show, starring Evan Rachel Wood as Mary Jane Watson and Alan Cumming as the Green Goblin, remains set to launch into previews in February.

Yeah, this ain’t a good sign. I’m not sure what could fix the production’s “cash-flow problem” these days so I wouldn’t go holdin’ your breath that the musical will debut as promised. Broadway shows are closing left and right as less and less people are willing and/or able to fork out the money for these expensive shows. Last I heard, 9 to 5: The Musical is the latest show to close on Broadway, less than 6 months after it officially opened. To be honest, despite the fact that the amazing Julie Tamor is directing Turn Off the Dark, I never had high hopes that this Spider-Man musical would be a smashing success … it still sounds like a bad idea to me. Reports of their financial difficulties ain’t very encouraging. I guess we shall see … but if I were a betting man, I wouldn’t put my money on the success of this musical production.

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