Multi-million dollar productions of Grease, Young Frankenstein, Hairspray, 13 and Boeing-Boeing will all close at the end of the holiday season on January 4.
A week later will see the end of long-running shows such as Spring Awakening and Monty Python's Spamalot.
Radcliffe will strip naked for Equus for the last time at the beginning of February. Despite opening in September amid considerable excitement, and then offering ticket promotions and student discounts, the production still played to houses that were less than half full.
A $4.5 million revival of Godspell has been scrapped while a lavish $16 million musical version of A Tale Of Two Cities closed in November, just two months after it opened.
It is tough now and it's going to get worse. There are going to be a lot of empty theatres in January and the big, expensive productions will be struggling in particular," said a source.
Adrian Bryan-Brown, a Broadway publicist, said producers were "being more aggressive in being consumer friendly", including discounting ticket prices and putting on more daytime shows to appeal to families.
Roger Berlind, a veteran Broadway producer and a director of Lehman Brothers, told Bloomberg News: "I have nothing in the pipeline and it's a very happy state to be in. We're all impacted by the economy."
Airlines group forecasts $2.5-billion loss in 2009
THE ASSOCIATED PRESS
09/12/2008 4:04:00 AM
GENEVA - The main international airlines association says the industry globally will lose $2.5 billion in 2009.
The International Air Transport Association says all regions except the United States are expected to report larger losses next year than in 2008. IATA chief executive Giovanni Bisignani says "the outlook is bleak" but U.S. carriers will benefit from lower oil prices and cutbacks made this year to post a modest $300 million profit in 2009.
He says the global airline industry faces the worst revenue environment in 50 years.
IATA also says passenger traffic will decline for the first time since 2001, falling by three per cent compared with growth of two per cent this year.
Bisignani presented the figures to reporters in Geneva on Tuesday.
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