Julie Taymor - Julie Taymor & Spider-spider Man Producers Settle Legal Spat
Pending litigation between the parties has been settled by mutual agreement and all claims have been resolved.
Taymor parted ways with the producers at the end of 2011 after developing the show with U2 stars Bono and The Edge, and she filed suit against 8 Legged Productions executives Michael Cohl and Jeremiah Harris, accusing them of failing to pay her in full.
Cohl and Harris denied the claims and filed a countersuit, but they reached a deal over those issues in February, 2012.
Taymor continued to fight for half of all profits derived from the sale, licensing or leasing of the rights to the original Spider-Man book, and lawyers for both parties filed documents in a New York court revealing an "agreement in principle" had been reached last August (12).
Manhattan Federal Court Judge Katherine Forrest gave the warring sides 60 days to sign a final settlement to put the case to rest.
Confirming the settlement on Wednesday (10Apr13), Cohl and Harris released a joint statement which reads: "We're happy to put all this behind us. We are now looking forward to spreading Spider-Man: Turn Off The Dark in new and exciting ways around the world."
Taymor adds, "I'm pleased to have reached an agreement and hope for the continued success of Spider-Man, both on Broadway and beyond."