The highest of high-profile musicals, whose beginnings were worthy of their own Broadway drama, is set to shut down after this year’s holiday season ends. The producers will make it official this week, the Wall Street Journal is reporting. In 2011, Julie Taymor’s replacement director Philip William McKinley told Deadline that Spider-Man: Turn Off The Dark, Broadway’s most expensive musical ever, would eventually make its money back. Not so, but considering its wild start — budget blow-outs, several on-set injuries and universally awful reviews all before its opening, and the project jettisoning Taymor and revamping the production afterward — it didn’t do too shabby. Last holiday season it was Broadway’s highest-grossing show, shattering the record for highest single-week gross and highest single-week attendance for any production in the history of the Great White Way. But even then estimates suggested Spider-Man needed to gross $1.2 million a week to cover costs, and as of late it had struggled to fill the massive Foxwoods theatre — it was at 75% capacity last week, according to Broadway League stats — and has been running below break-even for some time, the WSJ says. Still, with a run of 2 years-plus, the producers kept the musical from becoming one of the largest (and most public) flops ever.
Subscribe to Deadline Breaking News Alerts and keep your inbox happy.