After a rocky two-year stint on Broadway, the high-profile musical “Spider-Man: Turn Off the Dark” will close its doors in January, sources confirm to Variety.
The move is expected to be announced later this week.
The $75 million “Spider-Man,” featuring the music and lyrics of U2′s Edge and Bono (who are also producers), was hit with several legal and creative obstacles during its two-and-a-half year run. A number of “Spider-Man” actors suffered injuries before the show officially opened in June 2011 (none seriously), while Tony-winning director Julie Taymor fell off the project in a very public and heated battle with the show’s producers.
Taymor eventually sued and later settled with the “Spider-Man” producers, but the damage was already done.
“Spider-Man” ticket sales did manage to sell-out in subsequent months, with the superhero musical steadily earning over $1 million per week. The only problem was: the show cost $1.2 million to produce each week, making it the most expensive production in Broadway history and a financial wreck for investors.
When sales noticeably faltered post-Labor Day (weekly estimates hit record low of $200,000), producers began discussing the closure of “Spider-Man” with the hope of taking the acrobatic production elsewhere.
The Wall Street Journal, who first reported the news, said that “Spider-Man” will next open in Las Vegas.
A spokesman for “Spider-Man: Turn Off the Dark” declined to comment on this story.