The New York Times is reporting that the Spider-Man musical in New York will close on January 4th. The article says it will close due to investors upset about the musical always being in the red. It’s projected that the musical will have lost 60 million dollars in it’s three year run. The musical has taken in more than $200 million dollars, but the huge operating expenses have prevented it from making a profit. The musical is allegedly headed to Las Vegas. It also blames the music by Bono and the Edge for it’s failure.