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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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