'Spider-Man: Turn Off The Dark' Musical Casts Peter Parker And Lead Villain Amid More Troubles

Spider-Man Turn Off The DarkThe production of the upcoming Broadway musical “Spider-Man: Turn Off the Dark” continues to spin a tangled web. Sources close to the producers claim that the budget has soared to $52 million—more than twice the cost of the “Lord of the Rings” musical which debuted in 2006 as one of the most expensive musicals ever – and at least $24 million is still needed to get the show off the ground.

According to The L.A. Times, if “Spider-Man: Turn Off The Dark” doesn't premiere by the end of April, the license from Marvel will expire in addition to missing the deadline to enter next year’s Tony Awards.

Despite the continuing financial peril, U2 bandmates Bono and the Edge—who collaborated on the songs for “Spider-Man”—insist that the show will still happen. "The visuals and the music are amazing, and that's what will matter," said Bono.

Spider-Man’s journey to Broadway stardom has been rocked by numerous setbacks this year, including a very public shut-down of production back in August. Last week, reports surfaced that the show’s debut had been delayed to next spring. Despite early reports that additional investors had been secured, James D. Stern—one of the potential investors—told MTV News that word of his involvement was premature at best.

The latest report offers a revealing look at why “Spider-Man: Turn off The Dark” will be so expensive—the elaborate staging alone requires at least 40 stage hands to operate the musical's backstage rigging. The new villainess Arachne is also described as a “femme fatale” who stalks and tempts Spider-Man throughout the story.

In addition to the previously confirmed cast of Evan Rachel Wood as Mary Jane and Alan Cumming as Norman Osborn/Green Goblin, the article identifies actor Reeve Carney as Peter Parker/Spider-Man. Carney has previously been rumored to have been cast in the lead of this production, but no official announcement has been made yet.

Carney will also appear in “Spider-Man: Turn off The Dark” producer Julie Taymor’s upcoming film “The Tempest.”

What do you make of the budget troubles of “Spider-Man: Turn off The Dark”? Will the show finally be able to open? Spin a web and let us know what you think in the comments section or on Twitter!