Recent Press
Broadway Pulverizes Annual Box-Office Record
Broadway grosses hit another record high in 2017, with overall box office surpassing $1.5 billion for the first time, driven by premium pricing for such in-demand shows as Hamilton, Hello, Dolly!and Springsteen on Broadway.
'Hamilton' hits Hollywood
Hollywood Boulevard, 4:45 a.m. The sky is charcoal-colored and hazy, the nearly empty streets bathed in a blur of red, orange and green from a thicket of neon signage — the W Hollywood hotel, Deco-era apartments, Dunkin’ Donuts.
Broadway Box Office Spikes to $50 Million in Record-Breaking Week
Powered by megahits like “Hamilton,” “Wicked” and “The Lion King,” Broadway box office hit a new high last week, ringing in just slightly less than $50 million and setting a new attendance record to boot.
Thanksgiving Breaks Many Broadway Records
Leading the charge was juggernaut Hamilton, which beat record-holder Wicked for highest gross in a single week, at a staggering $3.26 million. The average ticket leapt to $303 per seat, spurred by the planned increase of premium tickets to $998, the highest in history.
No business like show business
“Hamilton” may cement Broadway’s lead. Revenues of $80m since opening last summer, averaging $1.7m a week, put it on track to break the billion-dollar barrier in just over a decade. Once productions open in Chicago, Los Angeles and London, returns could triple for the show’s creators and backers.
The Path to a Billion-Dollar Broadway Show
Producers and investors together stand to make tens or even hundreds of millions of dollars. Mr. Miranda will become quite wealthy. And a diverse group of collaborators — from the lighting designer to Mr. Miranda’s show-tune-loving father — will share in the bounty.
Behind The Curtain of Theater Investing
The average play costs about $3m to produce, and many of the large Broadway plays cost between $10m and $20m, so there are plenty of opportunities for well-heeled theatre goers, said Ken Davenport, a Broadway producer who also helps connect investors with opportunities.