August 10, 2009 9:00

U2 'Spider-Man' musical hit by cashflow problems?

It's claimed work has been 'halted' on Bono and The Edge-penned stage project

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The 'Spider-Man' musical written by U2's Bono and The Edge has reportedly run into cashflow problems.

The show, expected to be one of the most elaborate ever staged, is due to open on Broadway in New York on March 2010.

The U2 pair have written the words and music, while Julie Tamor, who was behind the musical version of 'The Lion King', is set to direct.

However, according to Variety, work on the project has been halted due to investment issues.

"The halt is attributed to cashflow obstacles that producers… are working to resolve," claims the showbusiness trade bible.

Cost for the musical have been estimated as being between $30m and $45m.

However those backing 'Spider-Man, Turn Off The Dark', to give the project its full title, insists the show is still on course to open.

"Others attached to 'Spider-Man' acknowledge the funding hiccup, but believe the situation will be resolved without forcing a disruption of the musical's launch," reports Variety.

Currently no one is cast to play the show's hero, but Marilyn Manson's former girlfriend, actress Evan Rachel Wood, is set to play love interest Mary Jane, while Scottish actor Alan Cumming will take the role of the villain, The Green Goblin.