Get ready for "Spider-Man: The Broadway Musical."

That may not be the official title, but Marvel Studios is putting the pieces together for a musical on the Great White Way starring the popular superhero, which will be directed by Tony winner Julie Taymor, with U2's Bono and the Edge creating new music and lyrics for the project.

Auditions are taking place, and a reading is scheduled for the summer. No dates for a Broadway opening have been set.

Producing are Hello Entertainment/David Garfinkle, Martin McCallum, Marvel Entertainment and Sony Pictures Entertainment. In addition to co-producing the show, Hello Entertainment is arranging all financing for the project.