| I think they are separate corporations—llc |
| Last Edit: dramedy 02:53 pm EDT 08/27/22 |
| Posted by: dramedy 02:51 pm EDT 08/27/22 |
| In reply to: re: PRETTY WOMAN: Broadway Versus Tour -- Question About Recoupment - ryhog 02:05 pm EDT 08/27/22 |
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So like you said the recoup of one does not mean the other recoups. I assume the money flowing to the broadway production corporation is part of the licensing that the tour llc pays. I assume it’s a percentage of the tour gross. I wonder what that typical is—5% maybe to broadway llc. The license of course is much higher percentage because the creators, director and others get percentages.
The broadway production cost $17m according to Forbes and lasted 12 months. The first few months were just over $1m/wk but it dropped to break even from Jan to august. So my guess is only a few million of the $17m were recouped.
It’s probably why the books on a broadway production aren’t closed for years after the show closes because of the residuals from the tours and international productions. |
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