The Outsiders box office continued to climb in the aftermath of Tony Awards, with the musical bringing in $1.4 million for the week ended July 14.
The Hollywood Reporter’s Post
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How Hollywood Glamour Is Reviving the Endangered Broadway Play George Clooney, Robert Downey Jr., Denzel Washington and Mia Farrow are coming to Broadway, where some producers see plays with stars as safer bets than musicals. The pay on Broadway is not Hollywood-high, but it’s not bad — in commercial productions, stars are often given a negotiated base salary plus a percentage either of the box office or of any profit. As with everything on Broadway, finances play a role. The money risked by investors on plays is much lower than on musicals, which tend to have bigger casts, more elaborate sets, and, of course, musicians, and which have become increasingly expensive to produce. A new musical these days often costs more than $20 million to bring to Broadway — “Boop!” a new musical based on Betty Boop that is opening next spring, is being capitalized for up to $26 million. Plays generally cost less than half as much — the “Romeo and Juliet” revival is being capitalized for up to $7 million, according to a filing with the Securities and Exchange Commission. Of course, the potential upside is also lower. A successful play might return 30 percent to investors; the musical juggernauts (which are few and far between) can return many times that by sustaining long runs in large theaters and spinning off tours. (Of the 24 new Broadway musicals that opened over the last two seasons, only one, “& Juliet,” has become profitable thus far. Two others, “Hell’s Kitchen” and “The Outsiders,” have plausible paths to profitability, but it is too soon to know for sure.) Broadway had been on a remarkable upward trajectory in the years preceding the pandemic, but then tumbled; during the 2023-24 season, total attendance was still 17 percent lower than it had been the last full season before the pandemic.
How Hollywood Glamour Is Reviving the Endangered Broadway Play
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This is a massive win for Broadway. This is the first new musical to recoup since the pandemic that wasn't around before the pandemic . . . which means I don't think it got "save our stages" $ to restart. So, how did & Juliet do it? From the outside, I see three reasons. 1) It's not just a great show, it's a great FUN show, which is what audiences want to see. 2) They get a family audience, so the average order is probably closer to 3 than 2. Sure, fun date night, but the teens love it, too. 3) The music. Duh. OH and a bonus . . . which may be the most important. 4) It had a $17mm capitalization. In the sea of capitalizations over $20mm, they kept theirs down. The degree of difficulty for recouping a Broadway show is higher than ever. Super props to the great producing by #MaxMartin, #TimHeadington, #TheresaSteelePage, #JennyPetersson, Martin Dodd, and Eva Price. Let's hope this starts a trend! https://lnkd.in/eSXvfd-2
‘& Juliet’ recoups on Broadway
broadwaynews.com
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The new issue of my newsletter about international theater, Jaques, just dropped and it's all about the booming musical market in South Korea—and why it feels like it's only a matter of time before we see a Korean-born musical on Broadway. Plus: What are the top-selling Korean musical productions of 2023? Who is Seoul's biggest musical star? What's the most desirable theater in town? Find out here!
K-MUSICALS ARE COMING FOR BROADWAY
gordoncox.substack.com
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If you're attending one of our performances of 'Shrek the Musical' this week, here's everything you need to know... Check out my blog post https://wix.to/katCnIK
Shrek the Musical - Everything you need to know ahead of the Event
cncs.co.uk
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With the strings gone, the winds rise to prominence, ushering in a new musical phase. Accompanied by perfect fifths, a simple harmony starts to evolve. How do you assess the potential of this musical progression? https://lnkd.in/eugKHWbg
06 November | A little Wind | Daily Musical Minute
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The next TRU Community Gathering on Zoom: DO ALL THESE MUSICALS BELONG ON BROADWAY? Friday 6/28/24, at 5:00pm ET In the room: FRANKIE DAILY, new works director of NAMT (National Association for Musical Theater); and PETER FILICHIA, former New York-based theater critic for The Star-Ledger, writer and historian of the American musical theater. In 2023-24 season 15 new musicals opened on Broadway, the highest number since the 2016-17 season. Assumptions about what constitutes a Broadway musical have changed over the decades and the financial challenges of off-Broadway have lured some smaller shows into the commercial spotlight. Nevertheless, some musicals have found a level of success without the Broadway stamp of approval. Are there realistic criteria for success other than being a Broadway blockbuster? To make a reservation for this free event, go to the link: https://lnkd.in/e3pBWZN2
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Musical Theater Writer (Drama Desk nominee, Fred Ebb & Richard Rodgers Award winner); Vocal coach and conductor of master classes including Jacob's Pillow, Neighborhood Playhouse.
Honored to share a starred review from Library Journal on "How to Survive a Killer Musical"! They describe it as "A fascinating look at the hidden reefs lying below the surface waters of musicals and how to ride over most of them. A treat for anyone interested in theater." You can find a copy on Amazon and Barnes & Noble: https://ow.ly/LySP50QnNJU #howtosurviveakillermusical #starredreview #libraryjournal
How to Survive a Killer Musical: Agony and Ecstasy on the Road to Broadway
amazon.com
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How To Make Your MUSICAL Film Great In this video I share some key elements of Stanley Donen and Gene Kelly's, Singin' In The Rain, to help you make your musical great.
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How To Make Your MUSICAL Film Great In this video I share some key elements of Stanley Donen and Gene Kelly's, Singin' In The Rain, to help you make your musical great.
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