Frank Wildhorn is nothing if not persistent, and his investors are nothing if not incredibly stupid.
The songwriter behind karaoke classic "Where Do Broken Hearts Go", Wildhorn's speciality is taking public domain stories or historical figures and turning them into musicals. The results have been a mixed bag, from mediocre but not without merit (Jekyll and Hyde) to the spawn of the devil (Wonderland). At one point in 1999, Wildhorn became the first composer in almost 20 years to have 3 shows running on Broadway simultaneously (a feat Alan Menken recently achieved for a brief period). His work has its fans and have attracted some top notch talent.
So why is his back catalogue weirder than vampires, the Turin Shroud and a Bono written Spider-Man musical?
Because Frank Wildhorn's work has yet to break even on Broadway.
Jekyll and Hyde ran for over 3 years and didn't make a penny, even with help from David Hasselhoff (his recount of his Broadway debut in his autobiography is pure comedy gold). Not even on-stage nudity could stop Dracula from flopping (once again, keep vampires off Broadway). His most recent effort Bonnie and Clyde saw him receive some of the best reviews of his career and it still closed after 36 performances. His total refusal to take the hit led to the New York Times calling him "the crab grass of Broadway".
Spending $75m on one misjudged musical is careless but throwing money at Wildhorn time after time is just plain gullibility, and very very weird.