Click below to access all the grosses from all the shows for the week ending 1/31/2016 in BroadwayWorld.com's grosses section.
Also, you will find information on each show's historical grosses, cumulative grosses and other statistics on how each show stacked up this week and in the past.
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We've had this discussion before, and I still maintain that obviously unless budged for a NFP cannot sustain ridiculous losses - the money has to come from somewhere.
"You can't overrate Bernadette Peters. She is such a genius. There's a moment in "Too Many Mornings" and Bernadette doing 'I wore green the last time' - It's a voice that is just already given up - it is so sorrowful. Tragic. You can see from that moment the show is going to be headed into such dark territory and it hinges on this tiny throwaway moment of the voice." - Ben Brantley (2022)
"Bernadette's whole, stunning performance [as Rose in Gypsy] galvanized the actors capable of letting loose with her. Bernadette's Rose did take its rightful place, but too late, and unseen by too many who should have seen it" Arthur Laurents (2009)
"Sondheim's own favorite star performances? [Bernadette] Peters in ''Sunday in the Park,'' Lansbury in ''Sweeney Todd'' and ''obviously, Ethel was thrilling in 'Gypsy.'' Nytimes, 2000
Right, but they also don't close the shows early. MTC has had a lot of poor earners, and the only show they closed early in recent memory was Airline Highway, and that had an enormous cast.
qolbinau said: "We've had this discussion before, and I still maintain that obviously unless budged for a NFP cannot sustain ridiculous losses - the money has to come from somewhere. "
Exactly. Not for profit is a tax status, not a business strategy. You still are held accountable by a balance sheet just like a for profit entity.
neonlightsxo said: "Hellob, you've made it very clear you have no idea what you're talking about.
"
Why do you feel the need to be rude to people? So what if I don't have a PhD in Broadway? I do have an English degree from Notre Dame and fwiw, a flop isn't defined solely by finances. A play no one attends is surely a flop. When I'm mistaken or ignorant about a topic, I'm more than happy to learn but sometimes you and a few others are so snarky for no discernible reason. I thought this board was for people who enjoy and have an interest in theater. I didn't realize it's for people who know everything about everything and enjoy making others feel like dirt. Wtf is wrong with you? If you are (obviously) more knowledgeable, then please, educate but don't talk to me like I'm a loser. And if you do it again, have the guts to pm me and I'll meet you in person and you can tell me how stupid I am to my face.
Exactly. Not for profit is a tax status, not a business strategy. You still are held accountable by a balance sheet just like a for profit entity.
you don't seem to understand that unlike commercial theatre, not-for-profit theatre CAN sustain a loss because they have benefactors who will underwrite many of the expenses normally included in a standard production budget. they also have millions of dollars in assets and a well-sustained "rainy day fund" or "production reserve," which allows them to absorb those losses without being hurt directly. the economics of non-profit theatre and commercial theatre is simply NOT comparable.
^Exactly. Obviously, a non-profit can't sustain tremendous losses from ticket sales, but that's what fundraising, memberships, benefits, etc. are for. I'm sure that MTC isn't thrilled that their current show isn't selling out, but non-profit theatre exists to create theatre that doesn't rely solely on ticket sales.
I am a firm believer in serendipity- all the random pieces coming together in one wonderful moment, when suddenly you see what their purpose was all along.
wonderfulwizard11 said: "^Exactly. Obviously, a non-profit can't sustain tremendous losses from ticket sales, but that's what fundraising, memberships, benefits, etc. are for. I'm sure that MTC isn't thrilled that their current show isn't selling out, but non-profit theatre exists to create theatre that doesn't rely solely on ticket sales.
qolbinau said: "We've had this discussion before, and I still maintain that obviously unless budged for a NFP cannot sustain ridiculous losses - the money has to come from somewhere."
The operating costs are already factored into their annual operating expenses. Ticket sales for current productions essentially go to the operating budget for their next season. A hit is obviously desirable because it can lessen their dependence on grants and donations, or help reduce a deficit if they've been operating in the red (which is not uncommon for many regional non-profit companies), but closing a show early doesn't necessarily help them much since the money to run it was already in place and budgeted.
JM226 said: "Exactly. Not for profit is a tax status, not a business strategy. You still are held accountable by a balance sheet just like a for profit entity. you don't seem to understand that unlike commercial theatre, not-for-profit theatre CAN sustain a loss because they have benefactors who will underwrite many of the expenses normally included in a standard production budget. they also have millions of dollars in assets and a well-sustained "rainy day fund" or "production reserve," which allows them to absorb those losses without being hurt directly. the economics of non-profit theatre and commercial theatre is simply NOT comparable. "
I've been a consultant to nonprofits for 20+ years and am a former nonprofit CEO. Trust me, I understand the way they operate financially. And nowhere did I say they couldn't sustain a loss. But any nonprofit exec will tell you that some of their programs or services must generate excess revenues in order to sustain the very losses they are willing to incur in other areas ... or make those funding shortfalls up through donations, grants, or other revenue sources.
Reserves are also generally intended for extraordinary circumstances, not routine losses or budget shortfalls. Yes, a nonprofit that has reserves beyond whatever percentage of annual budget they've identified as their goal will sometimes choose to invest them in riskier programs or to underwrite planned losses, but tapping into reserves regularly is simply not sustainable and board members often oppose doing so as a breach of their fiduciary duty of care for the long-term well being of the organization.
Bottom line: nonprofits should strive to produce a financial surplus (however small) that they reinvest in their mission and stakeholders as opposed to paying dividends to stakeholders as a for profit entity would do.
Indytallguy - it is clear to me that you do not understand what a "production reserve fund" is. It's not an endowment fund or emergency fund. Or even a contingency fund, which is very different and included in each preproduction budget (anywhere from 5 - 10% of total projected cost). the production reserve fund is a fund established and replenished every year, from either an annual/general fund or other financial assets, in anticipation of the next season.
The perfect example of needing a "cash cow" is Cabaret -- Alan Cumming's gift to the non-profit world.
And yes, of course, a flop can be defined as many things. Including not making money, of course. But you tell me -- is "Misery" a flop or a success. How about "China Doll?" Yeah, thought so.
As a "creative" -- you really looking forward to adding either of those two to your resume?
Yes, the non-profits can put on shows that don't always make a lot of money -- as long as they have the donors, and the advertisers and sponsors they can make the dollars work. (And a Cabaret from time to time to build up your bank account). But, except in the world of Bialystock and Blum (you remember them), sooner or later you have to produce something that people want to see.
By any criterion, the Lavin vehicle is a flop. The fact that the producers can incur it and move on is a credit to them and their business model (and their artistic spirit), but it is what it is.