Will King Kong take over Spiderman’s Haunt?
The New York Times is reporting that the Australian production of King Kong might land in the Foxwoods Theater on Broadway which will soon be vacated by Spider-Man: Turn Off the Dark.
Investors and executives with Spiderman said on Tuesday that the show will have historic losses of up to $60 million when it closes on Jan. 4. The closing follows a sharp decline in sales because of competition from hotter musicals and a lack of star attractions in the cast.
The Times reported that several investors said they were reeling from the closing announcement made on Monday night. Three said they have not been paid back anything during its three-year run, which cost twice as much as any other Broadway show.
While Broadway flops usually lose $5 million to $15 million, Spider-Man will lose far more, given the show’s record-setting $75 million capitalization; the enormous weekly costs of running this special effects-laden production; and its operating losses of hundreds of thousands of dollars a week this fall, as the box office faltered.
A revamped production of Spiderman is now planned for Las Vegas in 2015.
The Theatre will take months to renovate.
The Times reported that King Kong is a candidate to move in – because it requires an enormous theatre, but producers are also looking at other options.
King Kong will play its final Melbourne performance on February 16, 2014 - more details
Image: Full Moon Lullaby - photographer: Jeff Busby.