Woody Allen Musical 'Bullets Over Broadway' to Close

Evan Agostini/Invision/AP

The $14 million musical will play its final Broadway performance Aug. 24, following a disappointing run of just four and a half months.

After mixed reviews and slackening sales, Woody Allen's $14 million Bullets Over Broadway will end its run, with a final performance slated for Aug. 24, producers announced on Tuesday.

Bullets, Allen's first stage musical, is the fourth major show from the 2013-14 season based on a movie to close at a loss, following Big Fish, The Bridges of Madison County and Rocky. Theater pundits will now be looking closely at the pipeline to determine whether that crop of costly commercial failures will slow the trend of screen-to-stage adaptations.

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The closing is a blow for A-list Broadway director-choreographer Susan Stroman (The Producers), who also worked on Big Fish. The musical is likely to lose a good portion or all of its $14 million capitalization, The New York Times reported. To date, it has grossed just under $15 million.

While the production had a few solid weeks in the run-up to the Tony Awards, when it was regularly grossing north of $900,000, box office has been slipping since then, failing to reach $700,000 in any week of the past month. 

The show was written by Allen, based on the screenplay Allen and Douglas McGrath wrote for the 1994 film. It will have had 156 regular performances when it closes.

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"We are tremendously proud of this show and every single person involved with it. It has been a true pleasure, and we know that Bullets Over Broadway will have a long life in future productions to come," producers Letty Aronson and Julian Schlossberg said in a statement. However, no plans for a tour have been set.

Bullets stars Zach Braff, Nick Cordero, Marin Mazzie and Vincent Pastore. It began previews March 11 and opened on April 10.