| re: Producer Ken Davenport on the closing of GETTIN' THE BAND BACK TOGETHER | |
| Posted by: ryhog 12:44 am EDT 09/02/18 | |
| In reply to: re: Producer Ken Davenport on the closing of GETTIN' THE BAND BACK TOGETHER - Singapore/Fling 11:31 pm EDT 09/01/18 | |
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| Over 42 weeks, the show has grossed a bit over $22mil, of which a bit less that $20mil would have been available to the production after off-the-top expenses. It has been reported (here and elsewhere, Dramedy can probably be more specific) that the show's nut (i.e., running expenses each week) is in "the high $400s." I'll assume that means $475k (even though I think most people would think that means something closer to $500k a week. Multiply that by 42 weeks, and you come up with $19,950,000, which means the net profit would be $50,000. So in theory, if my lowball estimates were right, then i am wrong, but not by a meaningful amount (and not even all of that would be available to investors). I stand by losing the entire investment. What went wrong? The answer has many parts but the simple one is that the numbers did not work from the get go and the only chance it had in a small theatre of making enough money would have been to become a super-hit for which people would pay a high premium for tickets. That never happened here (rarely does for a revival) and demand for tickets was never so high that the production could sell significant numbers of premium tickets. $100 is simply not enough any more to pay the bills, at least not in a small venue. (We can also talk about marketing but that's among song.) |
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| Next: | re: Producer Ken Davenport on the closing of GETTIN' THE BAND BACK TOGETHER - JohninChicago 12:25 pm EDT 09/03/18 |
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