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Altar boyz did recoup
Posted by: dramedy 08:10 am EST 12/26/18
In reply to: re: Can off-Broadway become viable again - NewtonUK 07:42 am EST 12/26/18

It took 2 or even 3 years but it did.

I find your take on share boxoffice can lease change in 70s fascinating. I’ve never heard that before and it makes a lot of sense as for one eeason why shows closed opening night back then along with more shows waiting for theaters back then.
Link http://www.playbill.com/article/altar-boyz-80s-prom-and-my-first-time-recoup-investments-com-147450
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re: Altar boyz did recoup
Posted by: ryhog 11:43 am EST 12/26/18
In reply to: Altar boyz did recoup - dramedy 08:10 am EST 12/26/18

Beware the accuracy of what you find fascinating. I don't have time to explain atm but we can revisit sometime if you want.
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re: Altar boyz did recoup
Posted by: NewtonUK 10:13 am EST 12/26/18
In reply to: Altar boyz did recoup - dramedy 08:10 am EST 12/26/18

Thanks for the Altar Boyz link - I remember this now - and it was another warning sign. Here was a hit show, selling well, small cast musical - and they struggled for years to earn back their cap. I.known about the change in the Broadway model for many years- but you can read about it in Michael Riedel's book, as well, which outlines the many ways, large and small, that the SHuberts unilaterally restructured Broadway economics, and renegotiated Union contracts - all in ways that have led to a musical that cost $1.3 million in 1960 (in 2018 dollars), costing $13 million today. And coincidentally put zillions into the Shubert (tax free) coffers.
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I saw the movie bathtubs over broadway a few days ago
Posted by: dramedy 10:54 am EST 12/26/18
In reply to: re: Altar boyz did recoup - NewtonUK 10:13 am EST 12/26/18

They stated that these industrial shows cost $3M when the original my fair lady cost around $3-400k on broadway. I assume part of that is basically the company is paying for everything up front while a broadway production pays royalties over time instead of a lump sum.

Good movie overall.
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