|Big Monkey. Big Losses.|
|Posted by: NewtonUK 04:26 pm EDT 03/11/19|
|KING KONG has been with us for 23 weeks. It has grossed around $17 million, after the usual deductions from Gross Gross (which is the published number). That's $739,000 a week on average. Which is at least $110,000 below minimum weekly costs ($850,000) in the production budget - though I'll bet they're spending more in advertising.
The rumor was the show cost about $35 million. Add to that the $2.5 million in weekly losses.
In the world of rational producers, and a rational Broadway model, this show is d.o.a. Its hard to look at the numbers and see how KK will ever gross $1.2-.15 million a week, week in week out. So legendary producers (if they would have produced this at all) like David Merrick, or Kermit Bloomgarden would have cut their losses at about week number 3. Or the Shuberts would have politely asked them to leave, assuming they have a stop clause in their license agreement.
But Global Creatures seems to have money to burn, and they pay the rent, so they will just stay until they decide to do the Arena Tour or whatever.
Its certainly their right to throw away their money.
But the Broadway model, in whats some of us consider the good old days, was that bad - even mediocre - shows, which can't find an audience would close, so others could open and take their chances.
But not today.
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