Spider-Man Closing?

[JoeMaMa2]

Posted: 4/22/13 at 5:28pm

My roommate just got home and told me she heard on the radio an announcement that Spider-Man was closing? Anyone else hear this? She was so impressed that she had Broadway news that I didn't have!

[ClydeBarrow]

Posted: 4/22/13 at 5:29pm

Updated On: 4/22/13 at 05:29 PM

[JoeMaMa2]

Posted: 4/22/13 at 5:51pm

Thanks!! Not a huge fan, but was surprised to hear it.

[Someone in a Tree2]

Posted: 4/22/13 at 6:36pm

Seriously? When it's still taking in over a million a week?

[Wynbish]

Posted: 4/22/13 at 6:46pm

It will stay open like yo mama's legs

[moym471]

Posted: 4/22/13 at 6:52pm

Don't tease me.

[AEA AGMA SM]

Posted: 4/22/13 at 6:52pm

"Seriously? When it's still taking in over a million a week?"

That at all depends. If the running costs are actually at the rumored 1.25 million per week then taking in less than that (which they have been for many of the last few week) means they are not paying off any of that very, very large initial investment and are eating into their reserve to keep the show running.

[CATSNYrevival]

Posted: 4/22/13 at 7:10pm

It would cost more money to close it, move the set, and fix the theatre up than it would to just keep it open at a loss.

[bobs3]

Posted: 4/22/13 at 8:22pm

SPIDERMAN may have running costs of about $1.2 million per week but that is at full royalties. I am sure the participants contracts allow for reduced royalties (and rent) if the show doesn't hit its weekly nut.

The summer tourist season is almost upon us so SPIDERMAN should have a nice bump and its not as though there are a dozen shows begging to get into the Foxwoods Cavern (I mean, theatre).

[Phyllis Rogers Stone]

Posted: 4/22/13 at 8:29pm

Why do you suppose your friend lied to you?

[kyl3fong2]

Posted: 4/22/13 at 10:13pm

And with the Taymor settlement over with I'm pretty sure the press release stated that royalties were in fact being reduced to lower weekly running costs.

[oasisjeff]

Posted: 4/23/13 at 12:23am

It is always easy to have news no one else has if you make it up.

[Jordan Catalano]

Posted: 4/23/13 at 12:26am

My friend told me it was closing also before I realized I didn't have a friend that told me that it was closing so I was happy that it was not closing since all those actors would be out of danger, I mean work.

[SNAFU]

Posted: 4/23/13 at 12:28am

Making way for King Kong, which willprove to be the bigger spectacle.

[CapnHook]

Posted: 4/23/13 at 12:31am

Packing it up and tenting it out on the road.