Marvel Studios has confirmed that plans are underway to produce a Broadway musical based on Marvel's ever popular Superhero, Spider-Man. Produced by Hello Entertainment/David Garfinkle, Martin McCallum, Marvel Entertainment and SONY Pictures Entertainment (billing in formation), the musical will be directed by Tony Award-winner Julie Taymor with U2's Bono and The Edge creating new music and lyrics for the project. A reading is scheduled to take place this summer. No dates for a Broadway opening have been confirmed at this time. The Spider-Man musical will mark the first time a Marvel character has been the subject of a show on Broadway. In addition to co-producing the show, Hello Entertainment is arranging all financing for the project. "Marvel continues to look to every entertainment medium to support the enduring popularity of our Superheroes, and we are thrilled with the talent on board. The all star creative team--led by Julie Taymor, Bono and The Edge--is second to none and we are certain this project will delight fans of Spider-Man and new audiences alike," said David Maisel, Chairman, Marvel Studios, whose previous Broadway credits include spearheading the 1999 Tony Award-winning Best Musical Fosse.