Will the saga of Spider-Man The Musical ever end—or at least break even?? A piece on how a proposed King Kong musical is eyeing Spider-Man’s theater reveals some of the numbers behind Spidey’s fabled, tangled past. Lawsuits have been settled and injuries abated—the show even set a record for the biggest one-week take ever on Broadway. The show averages $1.5 million a week in ticket sales—but costs $1 million a week to mount. And given the $75 million the show ran up in its fabled birth pangs, it is still five to seven years from making a profit.
Ouch. But producers remain upbeat:
“I would say I’m much more optimistic now about the future of ticket sales than I was in August and September,” Mr. Cohl said, referring to the traditional period when many Broadway shows experience a box office slump. “I think ‘Spider-Man’ will be on Broadway at the Foxwoods for a good long while.”
The Foxwoods theater, where Spider-Man is staged, is one of the few with the enormous backstage capable of handling a a show like King Kong, thus the possible encroachment.
Heidi MacDonald is the founder and editor in chief of The Beat. In the past, she worked for Disney, DC Comics, Fox and Publishers Weekly. She can be heard regularly on the More To Come Podcast. She likes coffee, cats and noble struggle.