Maybe there is another story here, but I tend to take the simplest explanation. I can believe the show was losing the amounts quoted in the various news articles. Some years ago, about fifteen to be exact, I was a lowly intern working for the GM of a large, hit musical in NYC. Our show had long since paid back its capitalization, but it still had weekly operating costs of about 700-800K. It had a large cast, large orchestra; very similar to Phantom. I'm not saying Phantom cost as much to run back then, but it was probably pretty close. Remember this was fifteen years ago. It's conceivable that Phantom's weekly operating costs are closer to a million dollars now, especially with inflation, than the half million to three quarters of a million folks around here seem to be suggesting. In that case, it is no surprise that the show is losing money. These hit broadway shows don't sit on piles of cash to get through a lean winter, etc. While there is a reserve fund, they probably looked at the books and said, "We're treading water during the summer, and we lost money last winter and will when it comes again, it's time to close." It's as simple as that. No show lasts forever. Maybe it'll play the extension game? If they're able to get some more cash out of it by doing that, I don't blame them. But, overall, I think the situation is simple. It's losing money so it has to close. I don't think folks appreciate how expensive it is to run a Broadway show these days. I was shocked to learn Music Man still hadn't recouped! I thought for sure, even with whatever Jackman's salary is, it should have recouped in about six months with its three million dollar grosses!