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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

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

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

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

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

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

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

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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