Sources: 'Spider-Man: Turn Off the Dark' to Close in January

Spider-Man: Turn Off the Dark," the popular yet beleaguered $75 million Broadway extravaganza marred by injuries and infighting, will close in January and reopen later at a venue in Las Vegas, according to a producer.

 Reeve Carney, who plays Peter Parker in the Broadway play "Spider-Man: Turn Off The Dark," sits with Off Duty Host, Wendy Bounds to discuss the shows choreography, his costume and the upcoming film "The Amazing Spider-Man". "Economically we have a greater opportunity in the Las Vegas market," said producer Jeremiah Harris, who said the show will reopen in 2015. "Over the last week we've finalized all the creative deals, and are in serious negotiations with a venue in Las Vegas." The show, which opened in June 2011, will close in January to cut losses while taking advantage of holiday-ticket sales. The musical, produced by Michael Cohl and Mr. Harris, has been running below its "break-even" point for weeks, a person familiar with the matter said. 

Last week, it grossed $742,595 out of a potential gross of more than $1.5 million, according to research compiled by the Broadway League. The theater was at roughly 75% capacity, with 9,540 tickets sold out of 12,664 seats that week. Mr. Harris said the show "wasn't making any money or losing any money in New York." "Spider-Man" still is among the top shows in attendance figures each week, but it is in the largest theater on Broadway, the Foxwoods, which was recently sold to the Ambassador Theater Group. It is the most expensive show to produce in Broadway history. Broadway insiders said the Australian musical "King Kong" may move into the theater, though it is still up in the air. It could take months and millions of dollars to retrofit the theater, which has been tricked out to accommodate the show's aerial effects, to its original state. "Spider-Man" sparked controversy even before its June 2011 opening. 

Critics stormed the production uninvited in February of that year after it had been in previews for months. Six actors were injured during the production, which features Spider-Man and the Green Goblin flying over the audience's heads and over the stage. Between February and June 2011, the producers fired director Julie Taymor and revamped the show. Ms. Taymor created the original show with composers Bono and the Edge from the band U2. She and the producers in April settled competing lawsuits in a deal that restructured the finances of the show, reducing its high weekly running costs, to extend its life on Broadway.