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Monday, November 25, 2013
‘Spider-Man’ Investors Shaken by Projected $60 Million Loss
NYTimes.com: Investors and executives with the Broadway musical “Spider-Man: Turn Off the Dark” said on Tuesday that the show will have historic losses of up to $60 million when it closes on Jan. 4. The closing follows a sharp decline in ticket sales because of competition from hotter musicals and a lack of star attractions in the cast.
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I am actually quite amazed the "Spider-Man: Turn off the Dark" has managed to last this long. With its infamously disastrous beginnings, it would of course pull in audiences during its opening season, but those disastrous biddings also foreshadowed its future; there was no little hope for such an expensively technical show, since it would need to really sweep in the dough every week in order to stay afloat. Seeing as the only thing that "Spider-Man" really had going for it was its technicality, since its cast was not overpowering and its score was unimpressive, there was no way for it to attract audiences once the original drama of its opening had faded.
Hearing about the new tenant in the "Spider-Man" theater is a different story. Another show that is technically daring, with a twenty foot puppet? Hopefully "King Kong" will be able to pull off what "Spider-Man" couldn't quite achieve.
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