"Spider Man: Turn Off the Dark" is expected to close in January, according to the Wall Street Journal. The $75 million Broadway musical is the most expensive theatrical production in history, but declining ticket sales led to the producers' decision to shut down the musical.

The New York Times reports that "Spider Man: Turn Off the Dark" has grossed just over $200 million since 2010, but weekly ticket sales barely covered the show's pricey running costs.

A revamped version of the show is expected to be released in Las Vegas in 2015.

Photo Credit: Getty Images/Fernando Leon