| It has grossed $38 million... | |
| Posted by: | garyd 04:42 pm EDT 09/15/14 |
| In reply to: | re: $13m I didn't think it would be that high - BroadwayTonyJ 03:36 pm EDT 09/15/14 |
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| as of this week. (37 weeks). So if it just recouped the $13million, then the weekly nut is pretty far north of $600,000. | |
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| re: It has grossed $38 million... | |
| Posted by: | BroadwayTonyJ 04:52 pm EDT 09/15/14 |
| In reply to: | It has grossed $38 million... - garyd 04:42 pm EDT 09/15/14 |
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| According to Broadway World, Beautiful has been running 42+ weeks (includes previews) with a $42,662,422 total gross. So just under $1 million per week average. | |
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| You're right... | |
| Posted by: | garyd 05:02 pm EDT 09/15/14 |
| In reply to: | re: It has grossed $38 million... - BroadwayTonyJ 04:52 pm EDT 09/15/14 |
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| My mistake. I was only looking at the 2014 gross instead of the total. The weekly nut still appears to be way north of $650,000 when you subtract the $13million and divide by 43. I realize this is an inaccurate way to do it but close enough for a conversation. | |
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| re: You're right... | |
| Posted by: | BroadwayTonyJ 05:08 pm EDT 09/15/14 |
| In reply to: | You're right... - garyd 05:02 pm EDT 09/15/14 |
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| Beautiful is a fairly small show compared to Cinderella, Motown, or even Matilda. I think $650,000 would be accurate. It's all that other stuff that you have to add to the nut (that dramedy understands but I don't so I just trust him) that makes it take longer for a show to recoup. | |
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| re: You're right... | |
| Posted by: | garyd 05:13 pm EDT 09/15/14 |
| In reply to: | re: You're right... - BroadwayTonyJ 05:08 pm EDT 09/15/14 |
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| Oh I know. Royalties, fees, rent, etc. I get it. I have never seen the package on this but I think it is fair to assume the music royalties alone are fairly steep. Again, I am not privy to the specifics for this show. | |
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| Many shows, it's around 40% above nut goes to fees | |
| Posted by: | dramedy 07:13 pm EDT 09/15/14 |
| In reply to: | re: You're right... - garyd 05:13 pm EDT 09/15/14 |
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| So only 60% would go to investors. It's probably around $500k nut. So an average of $1m would leave $500 above nut, take 60% of that is $300k multiple by 42 weeks is close to $13m. | |
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| Oops, forgot to take the. 8% fee off the $1m weekly | |
| Posted by: | dramedy 07:18 pm EDT 09/15/14 |
| In reply to: | Many shows, it's around 40% above nut goes to fees - dramedy 07:13 pm EDT 09/15/14 |
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| So that drops the nut to be just above $400k in very rough calculations and guesses. I would think the show is probably running in the $450k range as guess. But definitely less than your $690k statement. | |
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| re: Oops, forgot to take the. 8% fee off the $1m weekly | |
| Posted by: | garyd 07:34 pm EDT 09/15/14 |
| In reply to: | Oops, forgot to take the. 8% fee off the $1m weekly - dramedy 07:18 pm EDT 09/15/14 |
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| Yes, my number is very high. I was just doing basic subtraction and division and lumping everything in the "nut" which I realize is overstating. What do you usually include in "fees" by the way? It is fun to speculate but, without the actual investor sheets, it's all just talk. | |
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| Fees | |
| Posted by: | dramedy 08:17 pm EDT 09/15/14 |
| In reply to: | re: Oops, forgot to take the. 8% fee off the $1m weekly - garyd 07:34 pm EDT 09/15/14 |
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| The 8% is a combination of league fee and credit card fees. Sometimes they are broken out and they do vary, but most are around 8 Then the 40% estimate above nut is theater rental and royalties for creative team-authors, composers, set design, costumes, director, choreographer, etc. I can't remember If the manager gets a flat weekly fee or percentage. after the show recoups, that overall percentage goes up 5-10%. | |
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| Thanks.... | |
| Posted by: | garyd 08:52 pm EDT 09/15/14 |
| In reply to: | Fees - dramedy 08:17 pm EDT 09/15/14 |
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| Yeah, those are what I usually throw into the fees category. You never know about the various royalty pools however. There have been occasions when set designers, costumes, and some others do not have a participation clause. In addition the percentage rate varies from show to show so all we can do, if not an investor, is use the benchmark minimums. I think, though I am sure there are exceptions, that stage management is a flat salary and considered part of the nut. I am truly not sure about that anymore. | |
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| re: You're right... | |
| Posted by: | BroadwayTonyJ 05:29 pm EDT 09/15/14 |
| In reply to: | re: You're right... - garyd 05:13 pm EDT 09/15/14 |
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| One think I have noticed over the last few years is that when a show around the size of Beautiful consistently grosses $1 million/week, it definitely recoups in around 9 months to a year. Beautiful took around 10 months (which makes sense). The scary thing is that the weekly nut (plus the other stuff) keeps getting higher all the time. | |
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