Threaded Order Chronological Order
| News flash—shows close early and lose money | |
| Posted by: dramedy 10:02 am EST 12/18/22 | |
| In reply to: re: Article about Broadway closings and more - dreamawakening 09:52 am EST 12/18/22 | |
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| I think broadway is doing good business. Hit shows are raking in the money and flops close. Yeah,there are head scratchers like SLIHot, but there are several shows opening this fall making $1m plus (noise &Juliet leopoldstadt). | |
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| re: News flash—shows close early and lose money | |
| Posted by: Chazwaza 03:09 pm EST 12/19/22 | |
| In reply to: News flash—shows close early and lose money - dramedy 10:02 am EST 12/18/22 | |
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| Your examples of new musicals making money are... two jukebox musicals, one with all pop songs and another with the songs/story of a famous older music star? Hardly what I'd call an encouraging sign. |
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| re: News flash—shows close early and lose money | |
| Posted by: BroadwayTonyJ 10:43 am EST 12/18/22 | |
| In reply to: News flash—shows close early and lose money - dramedy 10:02 am EST 12/18/22 | |
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| The shows that recouped in years past are doing fine. However, it has become very difficult for new shows to recoup. Even The Music Man has not recouped yet, although it most likely will before it closes. | |
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| re: News flash—shows close early and lose money | |
| Posted by: AlanScott 06:19 pm EST 12/19/22 | |
| In reply to: re: News flash—shows close early and lose money - BroadwayTonyJ 10:43 am EST 12/18/22 | |
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| Is it possible that it has recouped but they simply have not announced it? Or do we know for a fact that it has not recouped? I admit that I have not followed this as closely as I might have. | |
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| re: News flash—shows close early and lose money | |
| Posted by: BroadwayTonyJ 09:45 pm EST 12/19/22 | |
| In reply to: re: News flash—shows close early and lose money - AlanScott 06:19 pm EST 12/19/22 | |
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| Kate Horton stated on 9/13 that The Music Man revival had not recouped, but that it would before closing. I read something in mid-October saying the same thing. Definitely nothing has been announced, and the insiders I know haven't told me anything different. Although it wouldn't surprise me if it has recouped, and she's just biding her time about announcing. Inasmuch as she's already addressed the issue, I assume there eventually will be an announcement. Since the reopening last fall, no show has actually announced that it had recouped, although various insiders on this board and friends of mine have said that both The Lehman Trilogy and Plaza Suite did indeed recoup. These are the times in which we live. |
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| re: News flash—shows close early and lose money" MUSIC MAN not recouping yet baffles me ... | |
| Posted by: NewtonUK 10:45 am EST 12/19/22 | |
| In reply to: re: News flash—shows close early and lose money - BroadwayTonyJ 10:43 am EST 12/18/22 | |
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| I mean Scott Rudin is gone, but obviously his over=pending continues. MUSIC MAN's adjusted gross for its first 49 weeks (Gross minus cc charges and the .045 etc) has averaged $2.6 million. The budget capitalization for MUSIC MAN was approx $24 million as far as I know. If the show cost $2 million a week to run including royalties (which would be close to criminal producing) , it would still have earned $29 million in profits over the first 49 weeks. Would love to understand how this show hasn't recouped! | |
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| re: News flash—shows close early and lose money" MUSIC MAN not recouping yet baffles me ... | |
| Posted by: ryhog 11:26 pm EST 12/19/22 | |
| In reply to: re: News flash—shows close early and lose money" MUSIC MAN not recouping yet baffles me ... - NewtonUK 10:45 am EST 12/19/22 | |
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| As you undoubtedly know, one is not required to announce that they have recouped. Considering who is at the helm, it is not at all surprising to me that they have not announced. Unless you know something that you haven't said, it's entirely possible that they have many millions sitting in the bank or dispersed, or it is possible that they are doing some kind of grand Hollywood style manipulation. | |
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| Like hello dolly | |
| Posted by: dramedy 11:06 am EST 12/18/22 | |
| In reply to: re: News flash—shows close early and lose money - BroadwayTonyJ 10:43 am EST 12/18/22 | |
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| It’s surprising it barely return on investment. But the star (hugh and bette) are probably making 10% or more and I assume Sutton makes less but probably a percentage. So the combined percent is enough to significantly impact recouping. The show itself probably costs $800k to maybe a million a week. So $3m is more than enough to pay the bills and pay back investors. | |
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| re: Like hello dolly | |
| Posted by: huskyital (huskyital@yahoo.com) 05:47 pm EST 12/18/22 | |
| In reply to: Like hello dolly - dramedy 11:06 am EST 12/18/22 | |
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| Come on. Even with my salaries for the stars the nut cannot be even $2 million which means I should be making $1 million a week at least. |
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| re: Like hello dolly | |
| Posted by: sirpupnyc 11:13 am EST 12/18/22 | |
| In reply to: Like hello dolly - dramedy 11:06 am EST 12/18/22 | |
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| If it's costing Phantom $950k a week to run this year, it's certainly costing TMM at least that. | |
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| Sweeney Todd is $840k this spring | |
| Last Edit: dramedy 11:45 am EST 12/19/22 | |
| Posted by: dramedy 11:43 am EST 12/19/22 | |
| In reply to: re: Like hello dolly - sirpupnyc 11:13 am EST 12/18/22 | |
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| According to broadway journal article. I assume that is from investment sheets. That would include Josh groban’s base salary but not his percentage. I assume it will be a fairly large production in sets and actors. Back to the future is going to be $1m like Spider-Man. |
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| Is that what phantom costs | |
| Posted by: dramedy 11:27 am EST 12/18/22 | |
| In reply to: re: Like hello dolly - sirpupnyc 11:13 am EST 12/18/22 | |
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| It’s hard to find weekly costs for shows especially long running ones. Spider-Man was one of the highest at $1m reported but that was nearly a decade ago when it closed. But at $3m a week, there are other fees like percentages working against recoupment. | |
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| re: Is that what phantom costs | |
| Posted by: sirpupnyc 01:58 pm EST 12/18/22 | |
| In reply to: Is that what phantom costs - dramedy 11:27 am EST 12/18/22 | |
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| That's what Mackintosh told the NYT. | |
| Link | ‘The World Has Changed’: Cameron Mackintosh on Closing ‘Phantom’ |
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| re: News flash—shows close early and lose money | |
| Posted by: westech 10:05 am EST 12/18/22 | |
| In reply to: News flash—shows close early and lose money - dramedy 10:02 am EST 12/18/22 | |
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| How can you trust an article when it says that the last tenant at the Music Box was Dear Even Hansen. Gabriel Byrne played that theatre in October and November. Fact-check please. | |
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| re: News flash—shows close early and lose money | |
| Last Edit: seeseveryshow 08:31 pm EST 12/18/22 | |
| Posted by: seeseveryshow 08:28 pm EST 12/18/22 | |
| In reply to: re: News flash—shows close early and lose money - westech 10:05 am EST 12/18/22 | |
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| Westech-the article you are questioning appeared in the NY Times in September. | |
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