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“It was just a complete mess,” he says.Ĭohl helped raise another $30 million to get Spider-Man off the ground. When Cohl came on board, the production couldn’t even pay its rent, and its performers were locked out of the Foxwoods Theater. The Irish rocker, who knew Cohl from his days as a concert promoter, scored Spider-Man with bandmate the Edge and was an early backer (through Elevation Partners, he’s also an investor in Forbes Media). The tale begins in September 2009, when U2 frontman Bono asked former Live Nation chief Michael Cohl to take the reins of the troubled show. That’s quite a feat for a show with a past as checkered as Spider-Man's. “ Spider-Man is the biggest musical ever,” says Ken Davenport, co-producer of No. This year, the show ranks fifth with just shy of $50 million, according to BroadwayWorld. Even so, Spider-Man has grossed more than $200 million over three years, including $78.5 million in 2012, fourth-best on Broadway behind Wicked, Lion King and Book of Mormon. The New York Times reports that the show may still be as much as $60 million in the red. Join us on our magical journey through a wonderland of burning money! Hosted by CT Kelly and Evan Swope.Despite the bubbly language, the move would seem to be an admission of defeat indeed, the show never lived up to the expectations generated by its lofty price tag. So, as its backers shift their focus, Corleone family-style, from the Big Apple to Sin City, the question arises: Can Las Vegas actually save Spider-Man? Only time will tell, but clues exist throughout the show’s brief history. HUGE THANK YOU TO OUR BELOVED $5 AND UP PATRONS:Ĭourtney Witcher, Raven Snow, Sam Johnson, Owen Traxler, Cyrus Katzenburg, Marilyn Kearney, remi-rose Evans, Kelly Carroll, Kate Volz, Emily Schmitt, Marissa Kerr, Jamie Galioto, L0ST VEGAS, Cleophidian, Gaby Nogueira, Garrett M, Robert Swenson, Alexis Maschke, Bird Schneider, Errant Harpy, Gina Tĭesperate Acts of Capitalism is a comedy podcast about money, marketing, and how it all goes wrong. JOIN US ON PATREON FOR EARLY EPISODE RELEASE, WEEKLY BONUS CONTENT, AND MORE: What do you get when you mix Spider-Man, broadway, greek mythology, U2, and extreme workplace safety violations? You get a great story for this podcast!

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