The producers and ex-director of the Broadway musical Spider-Man: Turn Off the Dark have reached a settlement in their long-running legal tussle over the musical’s artistic credit, profits and copyrights. Former director Julie Taymor and producers Michael Cohl and Jeremiah Harris shared a close relationship that splintered in March 2011 over creative disagreements; Taymor was fired for making big changes to the show after it was hit with negative reviews during preview performances.
The terms of the settlement were not released, the New York Times reports, though a source close to Taymor says she received “significant” money from the deal that could total in the millions if the musical proves successful. Spider-Man is in its third year on Broadway, though it didn’t have an official opening until June 2011 due to repeated delays and disagreements. It’s one of Broadway’s top-grossing productions and boasts music by U2‘s Bono and the Edge, though ticket sales have slowed in recent months.
The $75 million staging, the most expensive in Broadway history, has weekly running expenses approximating $1.1 million; it grossed around $1.4 million last week. The new agreement will make it much easier for Cohl and Harris to move the Spider-Man musical to other domestic and international locations where labor and production costs aren’t as pricey as New York.