Spider-Man Musical to Hit Broadway, Featuring Music by Bono

Spider-Man is swinging his way to the Great White Way.

A Broadway musical based on the web-slinging superhero is in the works, Marvel Studios said Friday. It will be directed by Tony winner Julie Taymor with new music and lyrics by U2 frontman Bono and guitarist The Edge.

The musical will be the first time a Marvel Comics character has been the subject of a show on Broadway, the company said. No opening date was announced, but Marvel said a reading would take place this summer.

"We are certain this project will delight fans of Spider-Man and new audiences alike," said David Maisel, chairman of Marvel Studios, in a statement.

"Spider-Man 3," starring Tobey Maguire as Peter Parker/Spider-Man and Kirsten Dunst as Mary Jane Watson, will be released May 4 by Columbia Pictures.

"Marvel continues to look to every entertainment medium to support the enduring popularity of our Super Heroes, and we are thrilled with the talent on board," Maisel said. "The all-star creative team -- led by Julie Taymor, Bono and The Edge -- is second to none."

Taymor won Tony Awards for her roles as director and costume designer of the Broadway hit "The Lion King."