THE LIFE did run a little over a year but many of those weeks it was far below capacity. Check the grosses: The first weeks of previews it was only selling 35-40%. The Tony niminations helped. (The reviews didn't.)
Roger Berlind was a co-producer of THELIFE and also the producer of STEEL PIER. He did not have enough money to keep both struggling shows going. THE LIFE had won two Tonys and (it is my belief) he decided to put his promotional budget into that show. I saw both: STEEL PIER, though flawed, was still a better overall show. But his decision wasn't based on that. Without any Tony wins, and minimal advance sale STEEL PIER would probably not have lasted much past labour day. HE felt that by promoting TEH LIFE it could have a sucecssful run. It still closed with a huge loss. Look at the grosses: Many weeks were very low.
THE LIFE did not tour, and has not been picked up by regional and community theatres. ALl that remains is the OCR, and it is not one of the better produced cast albums of the era.
Cast albums are NOT "soundtracks."
Live theatre does not use a "soundtrack." If it did, it wouldn't be live theatre!
I host a weekly one-hour radio program featuring cast album selections as well as songs by cabaret, jazz and theatre artists. The program, FRONT ROW CENTRE is heard Sundays 9 to 10 am and also Saturdays from 8 to 9 am (eastern times) on www.proudfm.com