Celebrity 'TITANIC' SINKS AGAIN By People Staff Published on April 13, 1999 12:00 AM Share Tweet Pin Email The Tony Award-winning musical “Titanic” will close this month after a nearly two-year Broadway run and without recouping its more than $10 million investment. The musical will have played 804 performances at the Lunt-Fontanne Theater, where it opened April 23, 1997. It will close March 28. “Titanic” was plagued by numerous technical problems during its month-long preview period. The reviews were decidedly mixed, but Rosie O’Donnell continually plugged the musical on her TV show, which helped build the audience. Initially budgeted at $10 million, “Titanic” was forced to have its producers put another $1 million into the show to keep it running until the Tony Awards, where it took the all-important prize for best musical. That win plus interest in the then-upcoming film boosted box-office sales. Besides best musical, “Titanic” won four other Tony Awards — prizes for book, score, sets and orchestrations. A touring production is currently playing in Denver.