The multimillion dollar musical Spider-Man Turn Off the Dark — the most expensive musical in Broadway history, capitalized at $75 million — will have historic losses of up to $60 million when it closes Jan. 4, 2014.
According to the New York Times, several investors said that they have not been paid back anything during the three-year run of Spider-Man and plan to write off their investments. The investors are placing blame on the show's costly upkeep and the musical's lackluster score by Bono and The Edge.