Spider man closing.... enough said

[RW3]

Posted: 11/18/13 at 7:35pm

http://online.wsj.com/news/articles/SB10001424052702303531204579206490035959108

[Mr Roxy]

Posted: 11/18/13 at 7:40pm

Can not say I am surprised as it constantly on TDF.

Since it cannot tour that is it I guess.

[Jordan Catalano]

Posted: 11/18/13 at 7:40pm

There's been talk of this for a while, so I'm not surprised. I'm just surprised they let it lose money for this long before closing up shop.

[Jason Shatz]

Posted: 11/18/13 at 7:56pm

This show beats up Broadway with over-commercialization, cynicism, budget overruns, high prices, and injured actors. I hope this doesn't become the new paradigm - we don't need another more expensive Hollywood. BEAT IT!

[blaxx]

Posted: 11/18/13 at 8:01pm

It will close as the biggest financial flop in Broadway's history, I'm sure.

[Mr Roxy]

Posted: 11/18/13 at 8:04pm

After it closes high prices will still be with us have no fear.

[HorseTears]

Posted: 11/18/13 at 8:04pm

.. to be replaced by King Kong? Does anyone know what the running cost on that show would be? I would imagine astronomical. They should just take Kong to Vegas where it belongs and where they might actually make some money.

[gavyj]

Posted: 11/18/13 at 8:05pm

About time.

[WiCkEDrOcKS]

Posted: 11/18/13 at 8:08pm

Still haven't seen version 2.0. Maybe now I'll finally get around to checking it out before it closes.

[AEA AGMA SM]

Posted: 11/18/13 at 8:17pm

"They should just take Kong to Vegas where it belongs and where they might actually make some money."

Except the numbers of musicals that have recouped in Vegas are probably about as high as those that have done so on Broadway. Even Phantom closed at a loss there.

I would guess the newest rumors of King Kong moving into the Broadway are probably closer to correct. There is a LOT of work that will have to go into restoring the Foxwoods once Spider Man heads up and it seems as if the producers of King Kong are not going to want to wait that long.

[GlindatheGood22]

Posted: 11/18/13 at 8:18pm

Lah de dah. I would hope King Kong doesn't follow it in.

[bwayphreak234]

Posted: 11/18/13 at 8:18pm

It could easily tour arenas. Technically speaking, it's about the equivalent of any major concert tour. The flying would not be a spectacular in an arena though. The whole show would not be for that matter, actually. A major aspect of this spectacle was that it was in an actual theatre. Interested to see if this has a life beyond the Foxwoods. I enjoyed the show when I saw it back in August 2011. I am glad I can say that I saw it.

[PlayItAgain]

Posted: 11/18/13 at 8:20pm

while not as high as spiderman I believe I read a quote that the capitalization for a broadway run of King Kong would be 40-45 million

[oncemorewithfeeling2]

Posted: 11/18/13 at 8:26pm

It's been a roller coaster with this show. I hope whatever comes into the Foxwoods is better, in more ways then one. Any show that becomes known for severely injuring cast members isn't pleasant.

The process to set up the theater for King Kong will not be a quick one or a cheap one. If King Kong is heading in, the producers are going to need a lot of time to get ready. That being said, I hope King Kong surprises us as more then a spectacle.

[Idiot]

Posted: 11/18/13 at 8:28pm

I don't regret never having gotten a tattoo, and I don't regret never giving this show a chance. Keep this crap in the theme parks and we all can get along.

[Alan Henry]

Posted: 11/18/13 at 8:42pm

Just ran some numbers. Assuming a weekly cost of 1M (which I've read a number of times), as of last week spiderman has netted $50,015,743 (based of a total Gross of $203,015,743).

I mean, based on how expensive it is to run each week, the fact that they've grossed after running costs just over 50M is actually quite impressive. Obviously they're still not near the original investment, but the amount they've made back thus far isn't terrible (67%). I feel like this could have a life somewhere after Broadway.

Mind you, I haven't actually seen it so I'm going based off it's commercial appeal and what I've read.

[CATSNYrevival]

Posted: 11/18/13 at 8:48pm

Part of me was kind of hoping this show would defy the odds and surprise everyone by eventually breaking even, but they sort of set themselves up for failure with that final capitalization and weekly running cost. What will be interesting to see now is what they do (if anything) to try and make some money after the fact, whether that be via a theatrical and DVD release, arena tour, scaled back national tour or amateur rights.

[someone.else's.story2]

Posted: 11/18/13 at 8:56pm

I hope that it has a long life in community theaters after it closes.

[AEA AGMA SM]

Posted: 11/18/13 at 8:57pm

I would doubt that they've returned 67% of their investment. The producers admitted that it would have to run for about five years, pulling in close to 100% of their gross potential during that time, in order to finally pay back that initial investment. They haven't pulled in the kind of numbers to have them even remotely on that track for quite some time.

An arena tour is their only hope of taking this show on the road. They could design a rig that could go up in an arena in a matter of a day or two, similar to many concert acts or even Barnum & Bailey's. They could probably also tap into an audience who would be more willing to go see a "stunt spectacular" in their local arena as opposed to going to see a musical at their local theatre.

[bwayboy22]

Posted: 11/18/13 at 8:58pm

If Broadway professionals can't prevent injuries, imagine how many there'd be in community theater productions.

[DAME]

Posted: 11/18/13 at 9:04pm

This whole debacle should be a HBO movie.

[evic]

Posted: 11/18/13 at 9:05pm

Their insurance premiums must be astronomical. I hope the injured actors are well compensated, though knowing sleazy producers, they will try to put the onus on the actors and cheap out. Other than the terrific scenic design, this show was pure junk.

[Borstalboy]

Posted: 11/18/13 at 9:06pm

Not one person chastising us for not thinking of the out of work actors? You disappoint, BWW.

[Jordan Catalano]

Posted: 11/18/13 at 9:08pm

Think of all those out of work EMT's and Surgeons!

[Sutton Ross]

Posted: 11/18/13 at 9:11pm

I think this could be very popular in other counties, where comic book movies make hundreds of millions of dollars. I wonder if they recouped even half the 75 million.