Taymor had been seeking $1 million in damages after being fired from the production
Julie Taymor has reached a settlement in her ongoing lawsuit against the producers of the Broadway musical "Spider-Man: Turn Off the Dark," the parties said Wednesday.
They did not release details of the settlement, but said that the agreement resolves all of the director's pending litigation.
"I'm pleased to have reached an agreement and hope for the continued success of Spider-Man, both on Broadway and beyond," Taymor said in a statement.
The lawsuit was technically settled for an undisclosed amount last August, but according to a report in the Hollywood Reporter, the parties had a hard time hammering out a final agreement. A trial had been scheduled for May.
Taymor, who is best known for her Broadway adaptation of "The Lion King" and iconoclastic Shakespearean film adaptations such as "The Tempest" (2011), was fired from the show over creative differences.
Getting "Spider-Man" to the stage was an ordeal, and the production inspired intense media coverage after it was beset by cost overruns and injuries to several cast members.
The budget eventually ballooned to a reported $75 million, making it one of the most expensive productions in Broadway history, although box office returns have been strong. Last week, "Spider-Man" grossed more than $1.4 million, a figure eclipsed only by mega-hits like "The Book of Mormon" and "The Lion King."
She had been seeking $1 million in back pay and royalties, arguing that her contributions to the show were not being acknowledged. She also alleged that her collaborators — a group that includes U2's Bono and the Edge — had undermined her by developing a rival script while she was ironing out production difficulties during the play's preview run.
In a statement, co-producers Michael Cohl and Jeremiah Harris of 8 Legged Productions said the resolution will allow them to concentrate on rolling out the show to other theaters and foreign markets.
"We're happy to put all this behind us," the pair said. "We are now looking forward to spreading 'Spider-Man: Turn Off The Dark' in new and exciting ways around the world."